Federal statutes take precedence over federal regulations

A group of people, who are knowledgeable about the process and its disconnects, meets to propose ideas for change in a rapid-fire manner. Such a session is called a brainstorming session

Indicate whether the statement is true or false

At the beginning of the year, Butters Company's balance sheet showed current assets of $35,000 and current liabilities of $23,000. During the current year, Butters issued common stock for $4900 for cash and purchased $2800 of inventory on account

After these transactions were recorded, Butter's current ratio was: (Round your final answer to two decimal places.) A) 1.51. B) 1.55. C) 1.66. D) 1.52.