Critical Thinking Questions Case1-1 Sara Is the Owner of a Specialty

question 69

Multiple Choice

Critical Thinking Questions Case1-1 Sara is the owner of a specialty goods store. To keep a record of the goods that she has in stock and their prices, she has created a very large worksheet. She is not the best speller in the world, however, so she would like to use the spell checker to ensure that her worksheet does not have any spelling mistakes. Sara is not familiar with this feature of Excel and has asked you for help. Sara has a word in the worksheet that appears to be misspelled in a given instance, but she would like it to be ignored in this one instance. Which option do you tell her to select?

• A) Pass
• B) Skip
• C) Ignore
• D) Ignore All

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Definitions:

Quick Ratio

A measure of a company's ability to meet its short-term obligations using its most liquid assets.

Current Portion

The part of long-term debt that is due within the next 12 months.

Long-Term Debt

Financial obligations of a business that are due for repayment in more than one year, such as bonds, mortgages, and long-term loans.

Accounts Receivable

Dues from clients to a business for goods or services that have been supplied but remain unpaid.