Refer to the Following Selected Financial Information from Dodge Company

question 120

Multiple Choice

Refer to the following selected financial information from Dodge Company. Compute the company's acid-test ratio. $\begin{array}{|l|r|}\hline\\\hline \text { Cash } & \$ 42,250 \\\hline \text { Short-term investments } & 60,000 \\\hline \text { Accounts receivable, net } & 79,500 \\\hline \text { Merchandise inventory } & 115,000 \\\hline \text { Prepaid expenses } & 9,700 \\\hline \text { Accounts payable } & 111,400\\\hline\end{array}$

• A)1.12.
• B)0.92.
• C)2.75.
• D)1.63.
• E)2.66.

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Definitions:

Deviant Behavior

Behavior that violates the norms that apply in a given situation.

Secondary Deviance

Deviant behavior employed by a person as a means of defense or adjustment to the problems created by others’ reactions to rule breaking by him or her.

Temper Tantrums

Emotional outbursts, usually seen in children, characterized by yelling, crying, or striking out, due to frustration or inability to express needs.

Crybaby

A derogatory term used to describe someone who complains or expresses grief frequently or with perceived excessiveness.