The focus for a process improvement exercise should be on balancing:

Which of the following qualifies as an extraordinary item?

A) losses due to employee labor strikes B) losses due to hurricanes in Florida C) taking of company assets by an foreign government D) gain on sale of plant assets

A retailer has $100,000 in cash, $300,000 in accounts receivable, $500,000 in inventory, $200,000 in marketable securities, and $800,000 in total current liabilities. What is its current ratio?

a. 0.375 b. 0.5 c. 1.125 d. 1.375