Arid Company Has a Quick Ratio of 0

question 53

Multiple Choice

Arid Company has a quick ratio of 0.90.Which of the following,if it occurred on the last day of the accounting period,would increase Arid's quick ratio?

• A)Borrowing with a short-term promissory note.
• B)Paying off some accounts payable.
• C)Accruing interest payable on its promissory notes.
• D)Purchasing inventory on account.

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Definitions:

Antisocial Personality Disorder

A mental health condition characterized by a long-term pattern of disregarding or violating the rights of others.

Deinstitutionalization

The policy or practice of reducing the population of individuals living in institutional settings (such as psychiatric hospitals) by providing community-based alternatives for care.

Pharmacological Revolution

The significant advancements and changes in the development and use of drugs and medications to treat various illnesses, starting around the mid-20th century.

Community Mental Health Movement

An effort aimed at providing mental health services within the community instead of traditional psychiatric hospitals, emphasizing prevention, treatment, and rehabilitation.