A Firm's Current Assets Increase from 1

question 11

Multiple Choice

A firm's current assets increase from 1.4 million in 2014 to 1.7 million in 2015.If the firm's current liabilities are unchanged at $1.1 million,and inventory remains unchanged,what is the change in the firm's quick ratio?

• A)increase of 0.28
• B)no change
• C)increase of 0.30
• D)cannot be determined
• E)increase of 1.27

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Definitions:

Greater Variety

The availability or presence of a wide range of different options or items, often considered beneficial in decision-making or dietary context.

Same-sex Attraction

An emotional, romantic, or sexual attraction to individuals of the same gender.

Self-identify

Self-identify refers to the recognition and assertion of one's own identity, beliefs, and characteristics as they see fit.

Gay Or Bisexual

Terms used to describe sexual orientation; 'gay' typically refers to a homosexual orientation, while 'bisexual' refers to an orientation towards both men and women.