Luther's Quick Ratio for 2008 Is Closest To

question 63

Multiple Choice

Luther's quick ratio for 2008 is closest to:

• A)0.77
• B)0.87
• C)1.15
• D)1.30

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Definitions:

Employee Salaries

Regular payments made to employees for performing their job duties.

Service Company

A business that earns revenue by providing intangible products or services, as opposed to selling physical goods.

Indirect Labor

The labor costs of janitors, supervisors, materials handlers, and other factory workers that cannot be conveniently traced to particular products.

Direct Labor-Hours

The total time workers spend directly manufacturing a product.