Turnover Ratios Differ from the Current and Quick Ratios in That

question 187

Multiple Choice

Turnover ratios differ from the current and quick ratios in that they

• A)are based on working capital instead of cash.
• B)are based on a point of time instead of a period of time.
• C)are activity ratios.
• D)measure the profitability of a company instead of its liquidity.

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Definitions:

DNA

A molecule comprising nucleotide chains that encode genetic information vital for the development, functioning, and reproduction of all living organisms and many viruses.

RNA

Ribonucleic acid, a nucleic acid present in all living cells. Its principal role is to act as a messenger carrying instructions from DNA for controlling the synthesis of proteins.

Uracil

One of the four nucleobase components of RNA, it pairs with adenine during RNA transcription and replaces thymine found in DNA.

Thymine

A pyrimidine base found in DNA, pairs with adenine in the DNA structure.