Use the Following Statements to Answer This Question

question 48

Multiple Choice

Use the following statements to answer this question:
I.The quick ratio is more conservative than the current ratio because it covers a smaller period of time.
II.The cost of goods sold figure in the inventory turnover ratio is not always reliable because of accounting differences used in measuring it.

• A)I and II are correct.
• B)I and II are incorrect.
• C)I is correct and II is incorrect.
• D)I is incorrect and II is correct.

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Definitions:

Performers

Individuals who entertain audiences by acting, singing, dancing, or playing musical instruments.

Entertainment

Activities or performances designed to provide pleasure or relaxation to an audience.

Pronoun

Language elements that replace proper or common nouns to avoid repetitive mentions in discourse.

Wooden Structure

A construction or object made primarily from wood materials.