What Is the Quick Ratio If Cash Is $10,000,accounts Receivable

question 54

Multiple Choice

What is the quick ratio if cash is $10,000,accounts receivable are $25,000,inventories are $30,000,accounts payable are $40,000,and accrued payroll is $15,000?

• A) 2.00
• B) 1.18
• C) 0.73
• D) 1.13
• E) 0.09

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Definitions:

Closeness

The intimacy or degree of proximity and understanding between individuals, fostering strong bonds or relationships.

Intimacy

A near and dear relationship characterized by affection or love with another individual or a group.

Passion

An emotional state characterized by high bodily arousal, such as increased heart rate and blood pressure.

Commitment

The state or quality of being dedicated to a cause, activity, or relationship, often demonstrated through consistent actions and investment over time.