Piper Inc Has Cash of $62,000; Net Accounts Receivable of $74,000;

question 70

Multiple Choice

Piper Inc. has cash of $62,000; net Accounts Receivable of $74,000; short-term investments of $15,000 and inventory of $67,000. It also has $51,000 in current liabilities and $73,000 in long-term liabilities. The quick ratio for Piper Inc. is:

• A)4.27.
• B)1.22.
• C)2.96.
• D)0.84.

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Definitions:

Attraction Experiment

A study or research conducted to understand the factors or conditions that lead individuals to be attracted to others.

Stereotypes

Overgeneralized beliefs about a particular category of people that simplifies complex individual variations to simplistic and often inaccurate labels.

Group Membership

The state or fact of being a part of a group that shares common interests or characteristics.

Widely Held Beliefs

Opinions or convictions that are commonly accepted by a large number of people within a society.