Convex Industries Has Inventories of $218 Million, Current Assets of $1.4

question 87

Multiple Choice

Convex Industries has inventories of $218 million, current assets of $1.4 billion, and current liabilities of $504 million. What is its quick ratio?

• A) 1.17
• B) 0.94
• C) 2.81
• D) 2.35

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Definitions:

Argument

An explanation or collection of explanations offered to justify the correctness or incorrectness of a particular action or notion to persuade others.

Hypothetical

Based on or involving a hypothesis; not real but imagined for the purpose of discussion or further investigation.

Disjunctive

Relating to a logical disjunction, characterized by the use of "or" in presenting alternatives or options where at least one must be true.

Disjunctive

Pertaining to a logical relation involving a choice between two clauses where at least one must be true.