Multiple Choice
Long-term assets are $5,000,current liabilities are $700,and long-term liabilities are $3,000.If the current ratio is 3 to 1,then current assets are
A) $9,000.
B) $6,900.
C) $4,300.
D) $2,100.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q129: Income taxes payable are recognized as an
Q130: The solution to this problem requires time
Q131: Warranty expenses are the result of the
Q132: International accounting standards use the term provision
Q133: The liability for a premium offer estimated
Q135: If you plan to invest $10,000 and
Q136: Which of the following statements regarding contingencies
Q137: In 2017,Morton Co.sold 150 hot air balloons
Q138: Compound interest is a repeated calculation of
Q139: The solution to this problem requires time