Examlex

Solved

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?


Definitions:

Dependent Variable

In statistics and research, it refers to the variable being tested and measured, assumed to depend on one or more independent variables.

Independent Variable

A variable in an experiment or study that is manipulated or changed to observe its effects on the dependent variable.

Dependent Variable

A variable in an experiment or study whose changes are determined by the presence or variation of one or more independent variables.

Interest Rate

The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.

Related Questions