A current ratio of 2.5 means that for every dollar of:
A. current liabilities, there is $2.50 of current assets.
B. current assets, there is $2.50 of current liabilities.
C. total liabilities, there is $2.50 of cash.
D. accounts payable, there is $2.50 of cash.
Answer: A
You might also like to view...
Which of the following ratios is used to evaluate a company's liquidity?
A. Current ratio B. Fixed asset turnover ratio C. Return on equity ratio D. Debt-to-assets ratio
OPEC can be considered as a "cartel" which is a group of separate companies that collectively:
A) sets prices, controls output, or takes other actions to maximize profits. B) dictates how other countries should use their products. C) produces more products in order to beat the competition. D) conducts activities that are considered illegal in the United States. E) works on forming a union against management of other companies.
Marketing dashboards are used to monitor strategic marketing performance
Indicate whether the statement is true or false
______ is the federal agency that conducts research and makes recommendations to prevent worker injury and illness.
A. Affordable Care Administration B. National Institute of Occupational Safety and Health C. WorkâLife Balance Institute D. Social Security Administration