Multiple Choice
The MediaX company has current assets of $565,000 and current liabilities of $342,000 (565,000/343,000 = 1.65) . What does this current ratio mean?
A) MediaX has 65 percent more current liabilities than current assets.
B) MediaX has 165 percent more current liabilities than current assets.
C) MediaX has 65 percent more current assets than current liabilities.
D) MediaX has 165 percent more current assets than current liabilities.
Correct Answer:
Verified
Correct Answer:
Verified
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