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:

Retail Store Space

The physical area that a retailer utilizes to display products for sale to customers within a store.

Four Ps

A marketing mix model that encompasses product, price, place, and promotion strategies in a business.

Marketing

is the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.

Marketing Channel Structure

The organized framework of intermediaries and components through which a product or service moves from producer to end consumer.