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.

---

Definitions:

Human Immunodeficiency Virus (HIV)

A virus that attacks the human immune system, depleting the body’s ability to fight infection; the infection that causes AIDS.

Infections

The invasion and multiplication of microorganisms such as bacteria, viruses, and fungi that are not normally present within the body, often causing disease or illness.

Incidence

The frequency or rate at which a particular event or condition occurs within a defined population.

HIV Infection

A virus that attacks the immune system, the body's natural defense against illness, leading to AIDS if not treated.