A Company Has $56,000 in Cash; $16,000 in Accounts Receivable;

question 8

Multiple Choice

A company has $56,000 in cash; $16,000 in Accounts Receivable; $26,000 in short-term investments and $101,000 in merchandise inventory. The company also has $56,000 in current liabilities. The company's quick ratio is: (Round your final answer to two decimal places.)

• A)3.55.
• B)1.75.
• C)1.29.
• D)1.00.

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Definitions:

Senescence

The process of aging where cells progressively lose the ability to divide and grow, contributing to the deterioration of bodily functions.

Exploratory Maturation

The process of acquiring new skills and knowledge through active engagement and experimentation, particularly referenced in developmental stages.

Genetically Determined Traits

Genetically determined traits are characteristics that are passed down from parents to offspring through genes, including physical and some behavioral traits.

Behavior

Behavior encompasses the actions and reactions of an organism, often in response to its environment or stimuli.