Assume a Company Has Inventory Valued at $50,000, Its Total

question 31

Multiple Choice

Assume a company has inventory valued at $50,000, its total current assets, including this inventory, total $90,000.Its total current liabilities total $20,000.Its quick ratio is:

• A)1
• B)less than 1
• C).5
• D)2
• E)1.8

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Definitions:

Gustatory Perception

The sensory impression of food or other substances on the taste buds of the tongue.

Place Theory

A theory in hearing that proposes different areas of the basilar membrane respond to different frequencies.

Frequency Theory

A theory in psychology and audiology that suggests pitch is perceived by the rate at which auditory nerve fibers fire.

Pitch Perception

The aspect of hearing that allows individuals to assess sounds on a scale from high to low, based on the frequency of sound waves.