Scenario - Katrina Aldridge

question 81

Multiple Choice

Scenario - Katrina Aldridge
The yearly auditing review of Pilgrim Industries is scheduled for next month. Katrina Aldridge is preparing for that audit and is also preparing her budget for the coming year.
-Katrina has also requested that the financial ratios be calculated and analyzed for her. Which of the following ratios will give her the best information for evaluating liquidity?

• A) Profit margin on sales
• B) Current ratio
• C) Conversion ratio
• D) Return on assets
• E) None of these.

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Definitions:

Listening

The active process of receiving, decoding, and interpreting spoken messages.

Remember

The cognitive process of recalling information or experiences previously learned or encountered.

Active Listening

The practice of fully concentrating on what is being said rather than just passively hearing the message, involving feedback and engagement.

Receptive Mind-Set

An attitude or approach characterized by being open and willing to consider or accept new ideas and information.