Vance Motors Has Current Assets of $1

question 27

Multiple Choice

Vance Motors has current assets of $1.2 million. The company's current ratio is 1.2, its quick ratio is 0.7, and its inventory turnover ratio is 4. The company would like to increase its inventory turnover ratio to the industry average, which is 5, without reducing its sales. Any reductions in inventory will be used to reduce the company's current liabilities. What will be the company's current ratio, assuming that it is successful in improving its inventory turnover ratio to 5?

• A) 1.33
• B) 1.67
• C) 1.22
• D) 0.75
• E) 2.26

Appreciate the role of cultural differences in the development of cognitive processes.

Identify various memory types (autobiographical, recognition) relevant to early childhood.

Understand the importance and process of vocabulary development through context and interaction.

Recognize the role of social learning in moral and language development.

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Definitions:

Class Structure

The organization of society into hierarchical layers based on socioeconomic status, wealth, occupation, or other social distinctions.

Economy

A framework for creating, distributing, and consuming goods and services in a community.

Intellectual

An individual engaged in critical thinking and the study or exploration of ideas, often contributing scholarly knowledge to various fields.

Religious

Pertaining to or connected with religion or religious beliefs, practices, and attitudes.