Convex Industries Has Inventories of $150 Million, Current Assets of $1.05

question 15

Multiple Choice

Convex Industries has inventories of $150 million, current assets of $1.05 billion, and current liabilities of $400 million. What is its quick ratio?

• A)2.25
• B)2.12
• C)0.44
• D)0.38

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Definitions:

Seguin Form Board

A psychological test used primarily with children to assess their ability to recognize shapes and their manual dexterity by placing shapes into corresponding cut-outs.

Performance Test

An assessment method that requires individuals to execute specific tasks or activities rather than answer questions, measuring skills and abilities through actual performance.

Culture-Fair Test

A type of psychological test designed to be free of cultural bias, so that it accurately measures intelligence or other attributes across different cultures and ethnic groups.

Criterion-Related Validity

Refers to the extent to which a measure is related to an outcome.