Based on the Following Data, What Is the Quick Ratio

question 87

Multiple Choice

Based on the following data, what is the quick ratio (rounded to one decimal point) ??? $$\begin{array} { l r } \text { Accounts payable } & \$ 30,000 \\\text { Accounts receivable } & 60,000 \\\text { Accrued liabilities } & 5,000 \\\text { Cash } & 30,000 \\\text { Intangible assets } & 50,000 \\\text { Inventory } & 69,000 \\\text { Long-term investments } & 80,000 \\\text { Long-term liabilities } & 100,000 \\\text { Marketable securities } & 30,000 \\\text { Fixed assets } & 670,000 \\\text { Prepaid expenses } & 1,000\end{array}$$

• A) 3.4
• B) 3.0
• C) 2.2
• D) 1.8

Understand the distinction between term and permanent life insurance.

Grasp the concept and benefits of participating policies and policy dividends.

Recognize different types of life insurance policies and their features.

Identify the roles and characteristics of mutual insurance companies.

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Definitions:

Conditional Operator

A ternary operator in C and C++ (?:) that selects one of two expressions to evaluate, based on a third expression being true or false.

Assignment Operator

An operator in programming languages used to assign a value to a variable, typically denoted by an equal sign (=).

Conditional Expressions

Expressions in programming that evaluate to different values depending on a given condition, commonly used for decision-making.

If-else Statements

Control structures that execute a block of code if a specified condition is true, and optionally another block if the condition is false.