What Is the Quick Ratio for 2012

question 34

Multiple Choice

What is the quick ratio for 2012?

• A)0.56
• B)0.60
• C)1.32
• D)1.67
• E)1.79

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Definitions:

Operating Activities

The core activities of a business that relate to providing goods and/or services, generating revenue, and incurring expenses.

Goods and Services

Goods and services encompass all the physical products (goods) and activities (services) that can be offered in an economy for purchase.

Financial Situation

An individual's or organization's current status in terms of finances, including income, expenses, debts, and assets, determining financial health and stability.

Income Statement

Financial record of a company’s revenues, expenses, and profits over a period of time.