Julio Needs to Write a Report and Develop a Budget

question 7

Multiple Choice

Julio needs to write a report and develop a budget for his job.What type of apps should he use to complete these tasks?

• A) Personal interest apps
• B) Productivity apps
• C) Device management apps
• D) Navigation apps

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Definitions:

Acid-Test Ratio

A stringent measure of liquidity that assesses a company's ability to meet its short-term obligations without relying on the sale of inventories.

Acid-Test Ratio

A stringent indicator that determines whether a firm has enough short-term assets to cover its immediate liabilities without selling inventory.

Marketable Securities

Financial instruments that are easily convertible into cash, such as stocks and bonds.

Inventory Turnover Ratio

A measure of how many times a company's inventory is sold and replaced over a specific period, indicating the efficiency of inventory management.