Targot's Current Assets Were $16,825

question 173

Multiple Choice

Targot's current assets were $16,825. Its quick assets were $11,220. Its current liabilities were $13,190. The quick ratio is:

• A) 0.85.
• B) 1.18.
• C) 0.65.
• D) 0.78.
• E) 1.28.

---

Definitions:

Family Structure

The composition and organization of a family unit, including the relationships and roles of its members, varying widely across cultures and contexts.

Puritan Colonies

English settlements in North America founded in the 17th century by Puritans seeking religious freedom and aiming to establish a society based on their religious beliefs.

England

A country that is part of the United Kingdom, located on the island of Great Britain, known for its influential culture, history, and role in the global political economy.

British America

Territories in North and South America that were once part of the British Empire, including the original Thirteen Colonies that became the United States.