(The Following Information Applies to Problems 110 Through 127

question 93

Multiple Choice

(The following information applies to Problems 110 through 127.)
The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over.
-What is the firm's quick ratio?

• A) 0.51
• B) 0.64
• C) 0.76
• D) 0.92
• E) 1.10

---

Definitions:

Constructive Dilemma (CD)

A form of argument in which, from two conditional statements and the affirmation of their antecedents, one infers the affirmation of their consequents.

Atomic Sentences

Simple sentences that cannot be broken down into smaller sentences without losing meaning.

Truth Table

A tabular method for representing the logical relationships of statements or propositions by showing every possible combination of truth values.

Atomic Sentences

Fundamental sentences that do not contain any logical connectives and express a basic claim that can be true or false.