A Company Has Liquid Assets of $5 Million and Net

question 100

Multiple Choice

A company has liquid assets of $5 million and net income of $10 million.Current liabilities total $2.5 million,interest expense is $2 million,and income tax expense is $3 million.What is the quick ratio for the company?

• A)0.5
• B)7.5
• C)0.3
• D)2.0

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Definitions:

Tree Base

The bottom part of a tree, including the roots and the lower trunk, crucial for stability and nutrient absorption.

Homoplasy

Homoplasy describes a character state similarity not due to shared descent (for example, produced by convergent evolution or evolutionary reversal).

Orthologs

Genes in different species that evolved from a common ancestral gene and retain the same function.

Paralogs

Genes that are related by duplication within a genome and can evolve new functions, despite having a common ancestor.