Multiple Choice
Brownstone Company has a current ratio of 4.00.This indicates that the company has $4 in ________.
A) current liabilities for every $1 of current assets
B) total assets for every $1 of current liabilities
C) current assets for every $1 of current liabilities
D) total assets for every $1 of current assets
Correct Answer:
Verified
Correct Answer:
Verified
Q83: The post-closing trial balance shows the net
Q84: In an accounting cycle,which of the following
Q85: Under which of the following categories would
Q86: A classified balance sheet can be presented
Q87: The balances of select accounts of
Q89: Under which of the following categories would
Q90: The income statement section of the worksheet
Q91: Where does net income appear on a
Q92: The ending balance in the Owner,Capital account
Q93: Asset and liability accounts may be closed