If Tim's Tools & Tunes Has Current Assets of $500

question 108

Multiple Choice

If Tim's Tools & Tunes has current assets of $500, inventory of $45, current liabilities of $425, and profit of $250, which of the following is the quick ratio for the business?

• A) 1.07
• B) 1.28
• C) 1.7
• D) 2.18

---

Definitions:

Amino Acid Sequences

The order of amino acids in a protein, which determines the protein's structure, function, and properties.

Ribosomes

Cellular structures that synthesize proteins by translating mRNA into polypeptide chains.

Polypeptide

A linear organic polymer consisting of a large number of amino acid residues bonded together, forming part of (or the whole of) protein molecules.

mRNA

Messenger RNA, a type of RNA that carries genetic information from DNA to the ribosome, where it specifies the amino acid sequence of the protein products of gene expression.