A Company's Current Assets Are $17,980,its Quick Assets Are $11,420

question 131

Multiple Choice

A company's current assets are $17,980,its quick assets are $11,420 and its current liabilities are $12,190.Its quick ratio equals:

• A)0.94.
• B)1.07.
• C)1.48.
• D)1.57.
• E)2.40.

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Definitions:

Cost

The amount of money required to purchase something or the expense associated with producing a service or carrying out a project.

Business Strategies

Comprehensive plans crafted by organizations to achieve competitive advantage, meet customer needs, and ensure long-term profitability and growth.

Horizontal Fit

involves the alignment of HR practices with each other to ensure they are coherent and mutually supportive in achieving organizational goals.

Organization's Mission

The core purpose and objectives of an organization, which guides its actions and strategic decisions.