One of the ten commandments of good communication is to seek to clarify your ideas before communicating

The management of public companies is not legally required to disclose any off-balance sheet transactions

Indicate whether this statement is true or false.

If current assets are $80,000 and current liabilities are $45,000, the current ratio is:

A) 1:1. B) 0.77:1. C) 1.78:1. D) 1.2:1