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Accounting Ratios Which of the following is true of the current ratio? Last year

ID: 2427684 • Letter: A

Question

Accounting Ratios Which of the following is true of the current ratio? Last year ABC company's total revenues were $6000, their met income was $1000. Their average total assets was $5000, and their average stockholder's equity was $3000. What was their return on assets (ROA)? 200% 120% 33.3% 20.0% Management What is the most basic idea behind Maslow's theory of a hierarchy of needs? Lower-level needs are relatively unimportant in motivating determined, ambition people. The higher a person's salary, the more important money becomes for that person.

Explanation / Answer

Solution:

Question 15

The answer to the above question is -

d. All of These

All the above mentioned tools, perofrmance evaluation, the job interview and training are selection tools

Question 14

The answer to the above question is -

c. Task Identity

Task identity is a consideration for Hackman and Old man's job thoery

Question 10

The answer to the above question is -

b. You can caluclate it using a single balance sheet.

For current ratio you need current assets and current liabilities, which can be taken from a single balance sheet

Question 11

Return on Total Assets = Net Income / Average Total Assets Net Income              1,000 Average Total Assets              5,000 ROA 20% The answer is a. 20%
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