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:

Offensive Lockouts

A strategy used by employers to pressure a union by temporarily closing the workplace to prevent employees from working.

Public Safety

The welfare and protection of the general public, usually expressed through services provided by government agencies like police, fire departments, and emergency medical services.

Permanent Strike Replacements

Workers hired by an employer to permanently replace employees who are on strike, affecting the striking workers' rights to return to their jobs.

Decertification Election

A formal process in which employees vote to remove the representation of a labor union in their workplace.