You Have the Following Information About a Company: Quick Ratio

question 73

Multiple Choice

You have the following information about a company: quick ratio = 0.85,inventory = $125,000 and current assets = $375,000.What is the company's current ratio?

• A) 0.85
• B) 1.05
• C) 2.56
• D) 1.28

---

Definitions:

McClelland's Affiliation Need

The desire to build relationships, feel part of a group, and be liked, which is one of the three social motives according to David McClelland's theory.

Maslow's Belongingness Need

A psychological requirement for human connection and relationships, considered a fundamental human need in Maslow's hierarchy.

Need for Achievement

A personality trait characterized by an enduring drive for success and the setting of high standards of performance.

Performance Goals

Targets set to achieve a specific standard of proficiency on a task, usually within a predetermined time frame.