The Following Information Pertains to Unique Company

question 101

Multiple Choice

The following information pertains to Unique Company.Assume that all balance sheet amounts represent both average and ending balance figures.Assume that all sales were on credit. What is the current ratio for this company?

• A)1.42
• B)0.80
• C)1.16
• D)0.60

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Definitions:

Milkshakes

A cold beverage made from blending milk, ice cream, and flavorings or sweeteners such as butterscotch, caramel sauce, chocolate syrup, or fruit syrup.

Budget Line

A graphical representation showing all possible combinations of two goods that a consumer can afford with a given income and prices.

Vertical Intercept

The point where a line crosses the vertical axis on a graph, indicating the value of y when x is zero.

Milkshakes

A creamy beverage made from milk, ice cream, and often flavorings or sweeteners like syrup or fruit.