A Firm's Quick Ratio of

question 103

Multiple Choice

A firm's quick ratio of .49 suggests the firm:

• A) has a low level of current liabilities.
• B) has been overstating the value of its inventory.
• C) faces a potentially serious liquidity crisis.
• D)should reduce its holdings of cash and/or marketable securities.

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Definitions:

DAX

The DAX is a major stock market index tracking the performance of 40 major companies listed on the Frankfurt Stock Exchange in Germany.

Commercial Banks

Financial institutions that accept deposits, offer various loans, and provide other financial services to businesses and individuals.

Federal Reserve

The central banking system of the United States responsible for setting monetary policy, including the manipulation of interest rates to control inflation and stabilize the currency.

Deposits

Sums of money placed into financial institutions for safekeeping, which can earn interest over time depending on the type of account.