The Fingertips Company Had the Following Financial Data for the Year

question 115

Multiple Choice

The Fingertips Company had the following financial data for the year ended December 31, 2015: What is the cash ratio as of December 31, 2015, for Fingertips Company?

• A)0.30
• B)0.40
• C)0.53
• D)0.83

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Definitions:

Negligence

The failure to exercise appropriate care or to act in a manner expected of a reasonable person, resulting in harm or damage.

Misfeasance

Improperly performing a lawful act, which can lead to legal liability.

Malfeasance

The performance by a public official of an act that is legally unjustified, harmful, or contrary to law.

Personal-Injury Litigation

A legal process where an injured party files a lawsuit seeking compensation for damages suffered due to another's negligence.