Which of the Following Is NOT True Regarding the Quick

question 17

Multiple Choice

Which of the following is NOT true regarding the quick ratio?

• A) If a company has more current assets than liquid assets, the current ratio will be larger than the quick ratio.
• B) A high quick ratio suggests a high ability to pay current liabilities.
• C) Liquid assets include cash and cash equivalents, short-term investments, and net accounts receivable.
• D) A quick ratio greater than 1 implies a company could not pay all of its current liabilities.

---

Definitions:

Marbury v. Madison

The 1803 Supreme Court case that established the principle of judicial review in the United States, confirming the judiciary's authority to invalidate legislation or executive actions deemed unconstitutional.

Bill of Rights

The opening ten amendments of the United States Constitution, ensuring fundamental rights and freedoms to the people of America.

Federal Circuit Court of Appeals

A court within the U.S. federal judiciary system that has appellate jurisdiction over a wide range of cases, including patent law and international trade.

Mootness

A criterion used in legal contexts to dismiss cases that no longer require a resolution, often because the issue at hand has already been resolved or is no longer relevant.