An Example of a Liquidity Ratio Is

question 31

Multiple Choice

An example of a liquidity ratio is

• A) fixed asset turnover.
• B) current ratio.
• C) acid test or quick ratio.
• D) fixed asset turnover and acid test or quick ratio.
• E) current ratio and acid test or quick ratio.

---

Definitions:

Vested Remainder

A future interest in property that is secured to a particular person and will become possessory upon the expiration of a prior estate without any conditions attached.

Reversionary Interest

A future interest in property that returns to the original owner or the owner's heirs after the expiration of a temporary estate.

Contingent Remainder

A future interest in real property that depends on the occurrence of an uncertain event before it becomes possessory.

Property Interest

A legal right or claim to resources or possessions, such as real estate or intellectual property.