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...
A cultural production system is a ________
A) creative subsystem B) managerial subsystem C) communication subsystem D) all of the above
The trade-weighted dollar is the weighted average of the exchange rates between the dollar and the most important industrial-country trading partners of the United States.
a. True b. False
In a multiple-step income statement, operating expenses are subtracted from gross profit to compute
a. income from operations. b. net income. c. other income. d. net loss.
Due to financial constraints, the lack of standardization in qualifications for focus group moderators can be minimized by ________
A) hiring moderators with at least 5 years of experience B) putting prospective moderators through company-specific training C) including video or voice recording devices in the focus group D) doing focus groups after the survey work on the project is completed E) preparing a detailed moderator discussion guide