Total Company Has Current Liabilities in the Amount of $1,250,000

question 213

Multiple Choice

Total Company has current liabilities in the amount of $1,250,000 and an acid test ratio of 3 and a current ratio of 7.What amount of quick assets does Total Company have on the balance sheet?

• A)$8,750,000
• B)$ 416,667
• C)$3,750,000
• D)$1,250,000
• E)$2,500,000

Identify effective stress management techniques and the impact of stress on daily life.

Recognize the symptoms and effects of substance abuse, including alcohol, tobacco, and marijuana.

Understand the importance of nutritional choices in maintaining health.

Recognize the signs and symptoms of mental health issues such as depression and the impact of sleep on mental health.

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Definitions:

Accounts Payable

Short-term liabilities owed to suppliers or creditors for goods and services received but not yet paid for.

Financing Activities

Refers to the transactions and events through which a business raises funds to operate and expand, including issuing shares, taking on loans, or issuing bonds.

Treasury Stock

Shares that were issued and subsequently reacquired by the issuing company, reducing the amount of outstanding stock on the balance sheet.

Bonds Payable

A financial obligation represented by a bond issued by a company, promising to pay back with interest the borrowed funds.