The Quick Ratio

question 36

Multiple Choice

The quick ratio

• A)excludes accounts payable
• B)excludes accounts receivable
• C)includes inventory
• D)includes cash and cash equivalents

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Definitions:

Salesperson And Customer

The relationship and interaction between an individual who sells products or services and the individual who buys or is intending to buy those products or services.

Mutual Mistake

A situation where all parties involved in a contract are mistaken about a fundamental fact at the time of contract formation, potentially making the contract voidable.

Risk Of Mistake

A legal principle concerning the risks associated with the potential for misunderstanding or miscommunication in the terms of a contract or agreement.

Accepted The Risk

The concept in law where an individual acknowledges and willingly exposes themselves to a known danger or risk.