Use the Table for the Question(s)below

question 53

Multiple Choice

Use the table for the question(s) below.
Consider the following balance sheet:

-The change in Luther's quick ratio from 2011 to 2012 is closest to:

• A)a decrease of .10
• B)an increase of .10
• C)a decrease of .15
• D)an increase of .15

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Definitions:

Equipment And Software

Tangible assets such as machinery and tools, and intangible assets like software, used in the operation of a business to produce goods or services.

Productive Capacity

The maximum output a company or economy can produce with its current resources, also reflecting the efficiency of production processes.

Financial Assets

Financial assets such as stocks and bonds are claims to the income generated by real assets or claims on income from the government.

Directly Contribute

To have a clear and straightforward impact on an outcome or result.