If a company has current assets of $18,180 and current liabilities of $10,100. Its current ratio is 1.8.
Answer the following statement true (T) or false (F)
True
Current Ratio = Current Assets/Current Liabilities
Current Ratio = $18,180/$10,100 = 1.8
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The responsibility report for a revenue center would compare ________.
A) actual costs to budgeted costs B) actual revenues to budgeted revenues C) actual revenues and costs to budgeted revenues and costs D) actual profits to budgeted profits
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a. true b. false
Motor City, Inc. purchased 63,000 shares of Shaw common stock for $278,000. This represents 40% of the outstanding stock. The entry to record the transaction includes a:
A. Debit to Equity Method Investments -HTM for $278,000. B. Debit to Short-Term Investment-AFS for $278,000. C. Debit to Equity Method Investments for $278,000. D. Credit to Equity Method Investments for $6,227,200. E. Debit to Equity Method Investments for $6,227,200.
For bottleneck operations the process batch size should be ______ and the transfer batch size should be ______.
a. large, small b. small, large c. small, small d. large, large