Which of the Statements Below Is FALSE

question 9

Multiple Choice

Which of the statements below is FALSE?

• A)The acid ratio test equals current assets minus inventories divided by current liabilities.
• B)Examples of liquidity ratios include the current ratio,the cash coverage ratio,and the quick ratio.
• C)The current ratio is current assets divided by current liabilities.
• D)Inventory turnover equals cost of goods sold divided by inventory.

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Definitions:

Khanty

An indigenous people living in the Khanty-Mansi Autonomous Okrug in western Siberia, Russia, known for their traditional lifestyle of hunting, fishing, and reindeer herding.

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Believed entities in many cultures and religions, considered to be malevolent forces or beings.

Social Identity

An individual's sense of belonging to particular social groups, defined by various group characteristics or affiliations.