A Montreal Firm Has Current Liabilities of $250, a Current

question 280

Multiple Choice

A Montreal firm has current liabilities of $250, a current ratio of 1.2, and a quick ratio of 0.81. Calculate the level of inventory for this firm.

• A) $45
• B) $50
• C) $97.5
• D) $120
• E) $200

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Definitions:

Named Range

A feature in spreadsheet software that allows users to assign a name to a cell range for easier reference.

Dialog Box

A small window that appears in a user interface to communicate information to the user and solicit a response.

User Name

A unique identifier selected by or assigned to an individual user to gain access to a computer system or online service.

Encrypt

The technique of converting data or information into an encoded format to block unauthorized access.