The Quick Ratio Is 1

question 53

Multiple Choice

The quick ratio is 1.0.Current assets are $100,000 and current liabilities are $80,000.What is the amount in the inventory account?

• A) $20,000
• B) $80,000
• C) $125,000
• D) $180,000
• E) Cannot be determined with the information provided.

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Definitions:

Organizational Context

The environment or setting within which an organization operates, including cultural, social, and operational factors that influence its functioning and strategy.

Expert Power

The influence someone has over others due to their specialized knowledge or skills.

Organize Information

The act of arranging data or details in a structured and coherent manner to facilitate better understanding and decision-making.

Personal Reward Power

The ability of an individual to influence others through the provision or withdrawal of rewards.