There Are ____ in Each Degree

question 3

Multiple Choice

There are ____ in each degree.

• A) 30 seconds
• B) 60 seconds
• C) 30 minutes
• D) 60 minutes

---

Definitions:

Net Income

Net Income is the total earnings computed as revenues minus expenses, taxes, and the cost of goods sold, indicating a company's profitability over a specified period.

Acid-Test Ratio

A liquidity ratio that measures a company's ability to pay off its current liabilities with quick assets (cash, marketable securities, and receivables).

Accounts Receivable

Money owed to a company by its customers for products or services that have been delivered but not yet paid for.

Inventory

The total amount of goods and materials held by a company for the purpose of resale or production.