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:

Weighted Average

An average that attributes different weights to elements in the dataset, reflecting their varying levels of importance or frequency.

Expected Value

The long-run average value of repetitions of the experiment it represents, in probability and statistics.

Random Variable

A quantity whose numerical values emerge from unpredictable phenomena.

Discrete Random Variable

A variable that takes on a finite or countably infinite number of values, each with a quantifiable probability.