Match the Terms with the Definitions

Multiple Choice

Match the terms with the definitions.
-Assets that are expected to be used for more than one year in the operation of a business.

A) selling expenses
B) quick assets
C) average days to sell inventory
D) book value
E) property, plant, and equipment
F) operating cycle
G) quick ratio
H) general expenses
I) gross profit
J) net sales
K) multiple-step income statement
L) inventory turnover
M) liquidity