Jones Corp

question 98

Multiple Choice

Jones Corp.reported current assets of $193,000 and current liabilities of $137,000 on its most recent balance sheet.The current assets consisted of $62,000 Cash;$43,000 Accounts Receivable;and $88,000 of Inventory.The acid-test (quick) ratio is:

• A)1.4:1.
• B)0.77:1.
• C)0.54:1.
• D)1:1.
• E)0.64:1.

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Definitions:

Conscientious

Characterized by the desire to do one’s work or duty well and thoroughly.

Centralized Control

An organizational structure where decision-making authority is concentrated at the top levels of management.

Labor Relations

Field that emphasizes skills that managers and union leaders can use to minimize costly forms of conflict (such as strikes) and seek win-win solutions to disagreements.

U.S. Organizations

Entities or groups that are established and operate within the United States, following specific legal and cultural norms of the country.