From the Following Details, Calculate the Acid-Test Ratio

question 10

Multiple Choice

From the following details, calculate the acid-test ratio. (Round to two decimal places.)

• A)0.91
• B)0.94
• C)1.06
• D)0.70

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Definitions:

Marginal Utility

The additional satisfaction or benefit (utility) a consumer gains from consuming one more unit of a good or service.

Fresh Fruit Topping

Freshly cut fruits used as an additional decorative and flavorful layer on desserts and other dishes.

Processed Topping

A prepared or treated ingredient used to enhance the flavor, appearance, or nutritive value of a dish.

Marginal Utility

The additional satisfaction or benefit (utility) that a consumer derives from purchasing one more unit of a good or service.