Roxy Corphas Total Current Liabilities of $22,000 and an Inventory of of $7,000.If

question 71

Multiple Choice

Roxy Corp.has total current liabilities of $22,000 and an inventory of $7,000.If its current ratio is 1.2,then what is Rocy's quick ratio?

• A) .88
• B) .75
• C) .64
• D) .36

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Definitions:

Competitive Advantage

A unique advantage a company has over its competitors that allows it to generate greater sales or margins.

Business Portfolio Analysis

A technique that managers use to quantify performance measures and growth targets to analyze their firms’ strategic business units (SBUs) as though they were a collection of separate investments.

Growth Opportunities

Potential scenarios or strategies that may lead to an increase in sales, market share, or business expansion.

Competitive Advantage

The attribute that allows an organization to outperform its competitors, due to factors like superior quality, cost structure, customer service, or innovation.