If a Firm's Current Ratio Is 1

question 33

Multiple Choice

If a firm's current ratio is 1.5, then ____.

• A) its current liabilities exceed its current assets
• B) it is possible for its quick ratio to be 2.0
• C) it is possible for its quick ratio to be 1.0
• D) its current assets equal its current liabilities

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Definitions:

Modified Leaves

Leaves that have evolved to perform functions other than photosynthesis, such as protection, storage, or reproduction.

Apical Meristem

Actively dividing tissues in plants located at the tips of roots and shoots, enabling growth in length.

Modified Leaves

Leaves that have evolved to serve functions other than photosynthesis, such as tendrils for climbing, spines for protection, or storage organs.

Spines

Hard, sharp outgrowths on an animal's body serving for protection or as part of a plant's defense mechanism; in botanical context, they are modified leaves, stipules, or parts of leaves.