Multiple Choice
Example 8.1
The information below pertains to the following questions.
ABC reported $356 500 for current assets and $100 500 for other assets. It also had $175 000 of current liabilities. ABC's quick assets totalled $222 000, and its long-term liabilities totalled $105 000.
-Refer to Example 8.1. Determine ABC's quick ratio.
A) 0.79:1
B) 1.27:1
C) 2.04:1
D) 3:22:1
Correct Answer:
Verified
Correct Answer:
Verified
Q9: As a general rule, the _ the
Q10: The advantage of using the current ratio
Q11: The return on owner's equity ratio does
Q12: _ _ are cash and other assets
Q13: _ are obligations that the business expects
Q15: Example 8.1<br>The information below pertains to the
Q16: The current ratio is an indicator of
Q17: Accounts payable, salaries payable, unearned revenues, and
Q18: Liabilities are generally classified as:<br>A) short-term and
Q19: Total assets of $48 400 less total