Seekers Limited Reported the Following Results for the Year Just $\quad$

question 52

Multiple Choice

Seekers Limited reported the following results for the year just ended: CASH $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ $ 30,000
A CCOUNTS RECEIVABLE $\quad$ 90,000
INVENTORY $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ 150,000 The company's quick ratio was 0.90 for the year.How much are the company's current liabilities?

• A)$120,000
• B)$133,333
• C)$266,667
• D)$108,000

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Definitions:

Repetitive Processes

Processes that are characterized by the repeated production or execution of the same operation or sequence of operations.

Job Shop Layout

An arrangement of resources in a manufacturing operation where similar machines or functions are grouped together to manage varied products or jobs in small batches.

Classic Assembly Lines

Production methods where a product is assembled in a sequential manner by passing through various stations, each adding specific components or value.