A Common Measure of Liquidity Is

question 143

Multiple Choice

A common measure of liquidity is

• A) return on total assets.
• B) accounts receivable turnover.
• C) return on sales.
• D) debt to equity ratio.

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Definitions:

Exceeded Authority

Acting beyond the powers or rights granted by a legal or organizational authority, potentially leading to unauthorized or invalid actions.

Apparent Authority

A situation where a person appears to have been given the power by a company or another person to act on their behalf, even if no actual authority was granted.

Disclosed Principal

A situation in a business arrangement where the identity of the principal is known to all parties involved in the transaction.

Ratifies

To officially approve or confirm an action, agreement, or decision, making it valid and legally binding.