Question
The following contains information from the records of the Becker Architecture Firm. Becker Architecture Firm Selected Financial Information December 31, 2019 Current Assets $90,000 Current
The following contains information from the records of the Becker Architecture Firm.
| Becker Architecture Firm Selected Financial Information December 31, 2019 | |
| Current Assets | $90,000 |
| Current Liabilities | 30,000 |
| LongminusTerm Assets | 96,000 |
| LongminusTerm Liabilities | 64,000 |
| Total Revenues | 50,000 |
| Total Expenses | 38,000 |
Which of the following statements is an accurate interpretation of the current ratio of the Becker Architecture Firm? (Round your answer to two decimal places.)
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, George Foster, Srikant M. Datar
8th Edition
0131810669, 978-0131810662
