Solved

Long-Term Assets Are $800,current Liabilities Are $500,and Long-Term Liabilities Are

Question 96

Multiple Choice

Long-term assets are $800,current liabilities are $500,and long-term liabilities are $600.If the current ratio is 2.5 to 1,then current assets are

A) $200.
B) $625.
C) $1,250.
D) $2,000.

Related Questions

Q91: On November 1,Greenfield Corporation borrowed $55,000 from

Q92: If a company borrows money from its

Q93: A current ratio of _ or better

Q94: If a company purchases $3,000 worth of

Q95: The solution to this problem requires time

Q97: Marsh Corporation borrowed $90,000 by issuing a

Q98: Boston Trombley Company is a defendant in

Q99: A cereal company includes one premium coupon

Q100: Using the future value table,a student found

Q101: Generally,an increase in a current liability results