Based on the Below Figures, What Is the Quick Ratio

question 8

Multiple Choice

Based on the below figures, what is the quick ratio?
$\begin{array}{c}&£ \\\text { Trade payables } &40,000 \\\text {Trade receivables } &45,000 \\\text { Cash and cash equivalents } &15,000 \\\text { Taxation payable } &20,000 \\\text { The portion of long-term borrowings repayable } &15,000 \\\text { within 12 months of the year end date } &\\\text {Inventory } &20,000\end{array}$

• A) 0.80:1
• B) 1:1
• C) 1.07:1
• D) 1.25:1

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Definitions:

Cults

Small groups of people deeply committed to a religious vision that rejects mainstream culture and society.

College Educated

A college-educated individual has completed a program of study at a college or university, earning an associate, bachelor’s, or higher degree.

Religious Organization

An institution that is structured around a shared faith or belief system, often engaging in worship services, religious education, and community outreach.

Converts

Individuals who change their religious beliefs or affiliations from one faith tradition to another.