Author Question: Team Shirts had current assets of 500 and total assets of 2,300. Long-term liabilities were 700 and ... (Read 115 times)

abarnes · **on:** Jul 5, 2018

Team Shirts had current assets of 500 and total assets of 2,300. Long-term liabilities were 700 and total liabilities were 1,430. The current ratio (rounded) is ________.

A) 0.68
B) 1.61
C) 0.35
D) 0.71

Question 2

In an electronic system, only the employee number and hours worked need to be entered into a computer each pay period.
a. True
b. False
Indicate whether the statement is true or false