A Firm Has the Following Balance Sheet Information: Total Assets

question 47

Multiple Choice

A firm has the following balance sheet information: total assets = $100,000; current assets = $30,000; inventories = $10,000; cash = $5,000; total liabilities = $30,000; current liabilities = $15,000; notes payable = $2,000. What are the firm's quick and NWC-to-Total-Assets ratios?

• A) 1.00 and .13
• B) 1.33 and .13
• C) 1.00 and .15
• D) 1.33 and .15

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Definitions:

Standardized Scores

Scores that have been transformed to a common scale with a mean of zero and a standard deviation of one.

Symmetrical

Describes a shape or distribution where one half is a mirror image of the other half.

Infinite

Describing a value, quantity, or space that is limitless or without end.

Interquartile Range

Range of the middle 50% of the scores in a set of data.