Piper Inc Has Cash of $63,000; Net Accounts Receivable of $77,000;

question 42

Multiple Choice

Piper Inc. has cash of $63,000; net Accounts Receivable of $77,000; short-term investments of $20,000 and inventory of $68,000. It also has $47,000 in current liabilities and $73,000 in long-term liabilities. The current ratio for Piper Inc. is:

• A)1.55.
• B)3.40.
• C)1.34.
• D)4.85.

---

Definitions:

Third-Party Interventions

Involvement by an outside party to mediate, facilitate, or impose solutions in conflicts or negotiations.

Preventive ADR Systems

Stands for systems designed to prevent disputes through early resolution techniques, avoiding litigation and arbitration.

Third Party

A third party is an entity or individual who is not directly involved in a transaction or dispute but may have a role in facilitating, mediating, or influencing the outcome.

Technical Expertise

Technical expertise refers to the specialized knowledge and skills required to perform specific, often complex, tasks proficiently.