Match the Terms with the Definitions

question 27

Multiple Choice

Match the terms with the definitions.
-Quick assets divided by current liabilities.

• A)selling expenses
• B)quick assets
• C)average days to sell inventory
• D)book value
• E)property, plant, and equipment
• F)operating cycle
• G)quick ratio
• H)general expenses
• I)gross profit
• J)net sales
• K)multiple-step income statement
• L)inventory turnover
• M)liquidity

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Definitions:

Shipping Expenses

Costs incurred in transporting goods from one location to another, including freight and packaging fees.

Production Estimates

Forecasts or predictions about the quantity of products that will be produced over a specific period.

Sales Estimates

Projected figures of the amount and value of sales expected to be achieved in a future period.

Units Manufactured

The total number of units produced by a company during a specific period.