Last Year, Quayle Energy Had Sales of $200 Million, and Its

question 73

Multiple Choice

Last year, Quayle Energy had sales of $200 million, and its inventory turnover ratio was 5.0. The company's current assets totaled $100 million, and its current ratio was 1.2. What was the company's quick ratio?

• A) 1.20
• B) 1.39
• C) 0.72
• D) 0.55
• E) 2.49

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Definitions:

Pre-migration

Pre-migration pertains to the period or activities before migration, including planning, preparation, and decision-making processes related to moving from one location to another.

Immigration

Immigration is the act of moving to a foreign country to live permanently, often driven by factors like employment, education, family reunification, or escaping conflict.

Country A

A placeholder name often used to represent a hypothetical or specific country in discussions or analyses.

Business Income

Income earned from the operations of a business or company, including revenues minus operating expenses and taxes.