Which of the Following Is True Concerning the Use of Electricity

question 69

Multiple Choice

Which of the following is true concerning the use of electricity by the mid-1920s?

• A) Most Americans resisted "new-fangled" appliances.
• B) It was becoming more common as 60 percent of new homes were wired for electricity.
• C) It was nearly universal in the United States.
• D) It was mainly used in factory production.
• E) It was mostly found on farms, where mechanization was needed first.

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Definitions:

Acid-test Ratio

A liquidity ratio that measures a company’s ability to pay off its current liabilities with quick assets, excluding inventory.

Accounts Receivable Turnover

A financial ratio that measures the efficiency of a company in collecting its receivables or the credit it has extended to customers.

Inventory Turnover

A ratio indicating how many times a company's inventory is sold and replaced over a specific period.

Working Capital

The difference between a company's current assets and current liabilities, indicating the short-term financial health and operational efficiency of a business.