A Firm Has the Following Balance Sheet Information: Total Assets

question 5

Multiple Choice

A firm has the following balance sheet information: total assets = $100,000; current assets = $30,000; inventories = $10,000; cash = $5,000; total liabilities = $30,000; current liabilities = $15,000; and notes payable = $2,000. What is the firm's quick ratio?

• A)1.00
• B)1.11
• C)1.22
• D)1.33

---

Definitions:

Timing Appraisals

Involves the assessment or evaluation of processes or employees at specific intervals to ensure optimal performance.

Brief Time Period

A short duration or span of time.

Merit Increase

A raise in pay based on an employee's performance, recognizing outstanding work contributions.

Face-To-Face Interview

An interview method where the interviewer and candidate meet in person for a discussion, allowing for direct interaction and assessment.