Given the Following Data: Current Assets = 500; Current Liabilities

question 54

Multiple Choice

Given the following data: Current assets = 500; Current liabilities = 250; Inventory = 200; Account receivables = 200; calculate the cash ratio: (assume that the firm has no marketable securities)

• A) 0.4
• B) 2.0
• C) 1.5
• D) None of the above

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Definitions:

Jurisdiction

The official power to make legal decisions and judgments, often defined by geographic boundaries or types of legal cases.

Property

Legally recognized rights over the possession, use, and disposal of something tangible or intangible.

Jurisdiction

The authority granted to a legal body to administer justice within a defined field of responsibility.

Court

A tribunal, often a government institution, with the authority to adjudicate legal disputes between parties and carry out the administration of justice in civil, criminal, and administrative matters.