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:

Absolute Advantage

A condition where an entity can produce a good at a lower cost in terms of labor, resources, and time than another entity producing the same good.

Opportunity Cost

Forgoing possible gains from alternative choices when one path is taken.

Opportunity Cost

The expense incurred by not selecting the next most favorable choice while making a decision.

Nigerian Worker

An individual employed in Nigeria, contributing to the country's workforce across various economic sectors, often facing unique labor market conditions.