Author Question: As the accountant for Marston Retail Stores, you must calculate the current ratio for the firm's ... (Read 93 times)

ec501234 · **on:** Jul 14, 2018

As the accountant for Marston Retail Stores, you must calculate the current ratio for the firm's last accounting period. The firm's current assets were 120,000, its fixed assets were 240,000, its current liabilities were 80,000, and its long-term liabilities were 60,000. Given these facts, what is the firm's current ratio?
A) 1
B) 1.5
C) 2
D) 3
E) 4

Question 2

Victor Vroom's expectancy theory is based on the very simple assumption that
A) people will do whatever it takes to achieve their goals.
B) people won't bother to try to achieve a goal if they don't think they are likely to achieve it.
C) motivation is based on the expectation of equitable treatment.
D) motivation is based on an employee's understanding of what management expects her or him to accomplish.
E) motivation depends on how much people want something and how likely they are to get it.