A Firm's Current Liabilities Amount to $30,000

question 90

Multiple Choice

A firm's current liabilities amount to $30,000.It does not have any marketable securities and receivables amount to $20,000.Calculate the acid-test ratio of the firm if it has $40,000 cash in hand.

• A) 2.0
• B) 0.5
• C) 1.0
• D) 1.67
• E) 1.5

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Definitions:

Conscientiousness

A personality trait characterized by being diligent, careful, and thorough in one's tasks or duties.

Agreeableness

A personality trait characterized by warmth, friendliness, and a cooperative and compassionate nature towards others.

Middle Adulthood

A stage in human development that typically spans the ages of 40 to 65, focusing on career, stability, and the reevaluation of life goals.

Dispositional Traits

Enduring personality characteristics that tend to be consistent across different situations and over time.