The Following Financial Data Have Been Taken from the Records

question 129

Multiple Choice

The following financial data have been taken from the records of CPZ Enterprises.
$\begin{array}{l|r|}\hline \text { Accounts Receivable } & \$ 200000 \\\hline \text { Accounts Payable } & \$ 80000 \\\hline \text { Bonds Payable, Due in Ten Years } & \$ 300000 \\\hline \text { Cash } & \$ 100000 \\\hline \text { Interest Payable, Due in Three Months } & \$ 10000 \\\hline \text { Inventory } & \$ 440000 \\\hline \text { Land } & \$ 250000 \\\hline \text { Notes Payable, Due in Six Months } & \$ 50000 \\\hline\end{array}$

-What is the company's acid-test (quick) ratio?

• A) 0.68.
• B) 1.68.
• C) 2.14.
• D) 2.31.

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Definitions:

"Truth" Serum

A substance believed to induce a state in which a person is more likely to divulge information truthfully.

Gestalt Therapy

A psychotherapeutic method that accentuates individual accountability, focusing on one's concurrent personal experiences, the relationship with their therapist, the impact of their life's social and environmental conditions, and the self-directed changes they undertake in reaction to their overall life scenario.

Mnemonist

An individual with the ability to remember an unusually large amount of information, often in great detail.

Repressed Memory Syndrome

A controversial hypothesis suggesting that individuals may suppress memories of traumatic events, which can then be recovered through therapy.