If PA) = 0

question 124

Multiple Choice

If PA) = 0.68, PA ∪ B) = 0.91, and PA ∩ B) = 0.35, then PB) =

• A) 0.22
• B) 0.09
• C) 0.65
• D) 0.58

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Definitions:

Insolvency

The condition of being unable to pay debts as they fall due, often leading to bankruptcy proceedings.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year, calculated as current assets divided by current liabilities.

Financial Statements

Reports that summarize the financial condition and operations of a business, including the balance sheet, income statement, and cash flow statement.

Balance Sheet

An accounting statement of a firm’s financial position at a specified time.