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:

Animated Neon Sign

A luminous, vibrant sign made from neon or LED lights, often used for advertising, which includes moving elements or patterns to attract attention.

Relative Motion

The calculation of the motion of an object with respect to some other moving or stationary object.

Linear Perspective

A technique in visual art to create an illusion of depth on a flat surface, where parallel lines converge at a vanishing point.

Distance Cue

Visual indicators that allow a person to perceive depth or distance in their environment, such as texture gradient or aerial perspective.