Convex Industries Has Inventories of $200 Million,current Assets of $1

question 60

Multiple Choice

Convex Industries has inventories of $200 million,current assets of $1.4 billion,and current liabilities of $530 million.What is its quick ratio?

• A)0.38
• B)0.44
• C)2.12
• D)2.26

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Definitions:

Mixed Assemblages

Groups or collections of different species or entities that coexist in a shared environment.

Predators

Organisms that hunt and consume other organisms (prey) for food.

Flight

The act of moving through the air using wings or other mechanisms, as observed in birds, insects, and some machines.

Bison

Large bovine animals native to North America and Europe, known for their significant role in the ecosystem and cultural history.