If the Quick Ratio Is 2, and the Current Liabilities

question 168

Multiple Choice

If the quick ratio is 2, and the current liabilities are $130,000, what is the amount of quick assets? (Round your final answer to the nearest dollar.)

• A)$130,000
• B)$65,000
• C)$260,000
• D)none of the above

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Definitions:

Demand

The quantity of a product or service that consumers are willing and able to purchase at various prices during a given time period.

Resource

Assets, materials, or valuable items that are available to be used to produce goods or services.

Derived Demand

The demand for a good or service resulting from the demand for another good or service, as seen in the demand for raw materials driven by the production of final goods.

Substitutes

Products or services that can satisfy the same need or desire, where an increase in the price of one leads to an increase in demand for the other.