The Quick Ratio of a Firm with Current Assets of $300,000

question 114

Multiple Choice

The quick ratio of a firm with current assets of $300,000, current liabilities of $100,000 and inventory of $100,000 is:

• A) 1:1
• B) 2:1
• C) 3:1
• D) 4:1

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Definitions:

Isomers

Compounds with the same molecular formula but different structural formulas, resulting in different physical and chemical properties.

Double Bond

A type of chemical linkage connecting two chemical elements, which uses four bonding electrons instead of the standard two.

Alkene

Hydrocarbons that contain a carbon-carbon double bond, involved in various chemical synthesis processes.