Katrina Aldridge the Yearly Auditing Review of Pilgrim Industries Is Scheduled for Scheduled

question 72

Multiple Choice

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) Debt ratio

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Definitions:

Codes Of Ethics

Written guidelines issued by an organization to its workers and management to help them conduct their actions in accordance with its primary values and ethical standards.

Cultural Values

The core principles and ideals upon which an entire community exists; these values profoundly influence people's behavior and perceptions.

Sharing Economy

An economic model defined by the sharing of resources and services, often facilitated by community-based online platforms, to reduce waste and increase efficiency.

Blurring Of Boundary

The phenomenon where the lines or distinctions between different categories, such as work and home life or genres and media, become less clear.