Russell's Deli Has Cash of $136, Accounts Receivable of $87

question 78

Multiple Choice

Russell's Deli has cash of $136, accounts receivable of $87, accounts payable of $215, and inventory of $409. What is the value of the quick ratio?

• A)0.31
• B)0.53
• C)0.71
• D)1.04
• E)1.07

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Definitions:

Competition

The rivalry between businesses or suppliers in the same market, aiming to achieve higher sales, greater market share, or other objectives.

High-Value

Referring to objects, services, or properties that possess a considerable worth or quality.

Expected Value

A calculation used in statistics and gambling to determine the average outcome of a series of random events, taking into account all possible scenarios and their probabilities.

Low-Value

Describes products, services, or assets that are considered to have a minimal worth or importance in comparison to others.