The Two Basic Measures of Liquidity Are ________

question 153

Multiple Choice

The two basic measures of liquidity are ________.

• A) inventory turnover and current ratio
• B) current ratio and quick ratio
• C) gross profit margin and ROE
• D) current ratio and total asset turnover

---

Definitions:

Exocrine Gland

A gland that excretes its products through a duct that opens onto a free surface, such as the skin (e.g., sweat glands). Compare with endocrine gland.

Pancreas

A gland in the digestive and endocrine systems of vertebrates that produces digestive enzymes and hormones, including insulin.

Intracellular Receptors

Proteins located within the cell cytoplasm or nucleus that bind to specific molecules and trigger cellular responses.

Steroid Hormones

Hormones, such as insect molting hormone, cortisol, and male/female sex hormones, that are derived from cholesterol.