The following contains information from the records of the Becker Architecture Firm.

\begin{array}{c}\text {Becker Architecture Firm}\\\text { Selected Financial Information}\\\text {December 31,2019}\\\begin{array}{|l|r|}\hline \text { Current Assets } & \$ 90,000 \\\hline \text { Current Liabilities } & 30,000 \\\hline \text { Long-Term Assets } & 11,000 \\\hline \text { Long-Term Liabilities } & 65,000 \\\hline \text { Total Revenues } & 50,000 \\\hline \text { Total Expenses } & 34,000\\\hline \end{array}\end{array}

Which of the following statements is an accurate interpretation of the current ratio of the Becker Architecture Firm? (Round your answer to two decimal places.)
A) The company has $1.03 of current assets for every $1.00 of liabilities.
B) The company has $3.00 of current assets for every $1.00 of current liabilities.
C) The company has $0.17 of current assets for every $1.00 of liabilities.
D) The company has $0.64 of current assets for every $1.00 of current liabilities.

A Reversing Entry Is ________

Multiple Choice

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