The Following Is a Partial List of Account Balances from the Books

question 4

Multiple Choice

The following is a partial list of account balances from the books of Probst Enterprise at the end of 2010: $$\begin{array} { l r } \text { Accounts payable } & \$ 20,500 \\\text { Accounts receivable } & 12,300 \\\text { Accrued interest on short-term note } & 1,200 \\\text { Cash } & 6,500 \\\text { Wages payable } & 1,300 \\\text { Income taxes payable } & 1,900 \\\text { Inventory } & 10,000\end{array}$$ Based solely upon these balances,what is the quick ratio?

• A)0.76
• B)1.15
• C)0.26
• D)0.79

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Definitions:

Binge Eating Disorder

A condition involving frequent instances where one consumes vast amounts of food rapidly, leading to a feeling of discomfort.

Restrictive Dieting

A dietary approach that significantly limits food intake or types of food, often for weight loss or health-related reasons.

Mood Swings

Significant fluctuations in a person's mood, such as going from feeling euphoric or extremely happy to suddenly feeling very sad or down.

Onset

The beginning or start of something, often used in the context of the commencement of symptoms in a medical condition.