A Senator Asks His Constituents to Rank Six Issues in Order

question 33

Multiple Choice

A senator asks his constituents to rank six issues in order of importance. How many rankings are possible? ​

• A)4,320
• B)12
• C)36
• D)720
• E)15

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Definitions:

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations by comparing current assets to current liabilities.

Current Ratio

A liquidity ratio calculated as current assets divided by current liabilities, indicating the ability of a company to pay short-term obligations.

Current Liabilities

Debts or obligations that a company expects to pay off within one fiscal year, including accounts payable, short-term loans, and accrued expenses.

Current Assets

Assets that a company expects to convert into cash, sell, or use up within one year or within its operating cycle if longer than a year.