The Quick Ratio Is 1

question 53

Multiple Choice

The quick ratio is 1.0.Current assets are $100,000 and current liabilities are $80,000.What is the amount in the inventory account?

• A) $20,000
• B) $80,000
• C) $125,000
• D) $180,000
• E) Cannot be determined with the information provided.

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Definitions:

Vinegar

A sour liquid produced from the fermentation of ethanol, commonly used as a condiment and for preservation.

Circumferential Lamellae

Layers of compact bone that wrap around the long bone beneath the periosteum or around the entire circumference of the marrow cavity.

Interstitial

Relating to or situated in the spaces between cells in a tissue or organ.

Concentric

Describes muscle contractions where the muscle shortens while generating force.