Which of the Following Statements Is Correct

question 76

Multiple Choice

Which of the following statements is correct?

• A)The cash ratio measures a firm's ability to pay long-term debt with its available cash and marketable securities.
• B)Holding extremely high levels of liquidity to guard against liquidity crises is an inappropriate goal for the firm.
• C)The quick (or acid-test) ratio measures a firm's ability to pay off short-term obligations with long-term debt.
• D)The current ratio is a more stringent measure of liquidity than the quick (or acid-test) ratio.

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Definitions:

Trisomy 21

A genetic disorder caused by the presence of an all or part of an extra 21st chromosome, known as Down syndrome.

Monosomy

A chromosomal disorder characterized by the absence of one chromosome from the normal diploid number.

Milestone

An important event or achievement that marks a significant stage or progress in a process, project, or development.

Germinal Prenatal Period

The initial stage of fetal development, covering the first two weeks after conception when the zygote undergoes cell division and implantation in the uterine wall.