A company has $200 in cash, $500 in accounts receivable, and $700 in inventory. If current liabilities are $400, then the current ratio would be
a. 1.75 to 1
b. 3.50 to 1
c. 3.00 to 1
d. 2.25 to 1
b
You might also like to view...
Which of the following statements is true regarding a private label brand?
A) It is sometimes called as an exclusive brand. B) It is usually the low-priced option in the category. C) Stores often make lower margins on private-label brands. D) Retail stores devote huge marketing funds to support private labels.
What is the relationship between a database table and a user view?
Which of the following statements is true of members of Generation X?
a. They were hit hard by the Great Recession. b. They spend the least on food and family-oriented products. c. They are aged between eighteen to twenty-five years. d. They spend the least on housing than any other cohort.
Briefly discuss some of the guidelines you need to follow before a presentation