You Own a Business That Has Current Liabilities of $117,300;

question 1

Multiple Choice

You own a business that has current liabilities of $117,300; cash in the amount $5,600; securities valued at $98,400; and accounts receivable of $85,900. Calculate the acid test ratio. (Round to the nearest hundredth)

• A) 1.56:1
• B) 1.62:1
• C) 1.89:1
• D) 2.02:1

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Definitions:

Applicant Tracking Systems

Software applications designed to manage recruitment processes, particularly tracking and organizing candidate applications.

Key Job Requirements

Essential qualifications, skills, knowledge, and experience required for an individual to effectively perform the duties of a specific job.

Recruitment Process

The process of identifying, attracting, interviewing, selecting, hiring, and onboarding employees.

External Environment

All external factors and forces outside an organization that affect its business activities, including economic, legal, political, and social conditions.