Tasty Dee-Lite Has Current Liabilities of $6,630, Net Working Capital

question 109

Multiple Choice

Tasty Dee-Lite has current liabilities of $6,630, net working capital of $2,180, inventory of $2,750, and sales of $36,800. What is the quick ratio?

• A) 0.76
• B) 0.84
• C) 0.91
• D) 1.09
• E) 1.19

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Definitions:

Downward Social Comparison

The act of comparing oneself to others who are worse off in order to feel better about one's own situation.

Self-Regulatory Perseveration

A psychological principle referring to the continuous effort to control one's thoughts, emotions, and behaviors, even in the face of challenges or setbacks.

Self-Awareness

The state of being cognizant of one’s own personality, sensations, motivations, and yearnings.

Depression

A common and serious medical illness that negatively affects how you feel, the way you think, and how you act, characterized by persistent feelings of sadness and loss of interest.