-Based on the Above Data,what Is the Quick Ratio,rounded to Accounts

question 11

Multiple Choice

$\begin{array}{lr}\text { Accounts payable } & \$ 30,000 \\\text { Accounts receivable } & 35,000 \\\text { Accrued liabilities } & 7,000 \\\text { Cash } & 25,000 \\\text { Intangible assets } & 40,000 \\\text { Inventory } & 72,000 \\\text { Long-term investments } & 100,000 \\\text { Marketable securities } & 75,000 \\\text { Notes payable short-term } & 36,000 \\\text { Property, plant, and equipment } & 20,000 \\\text { Prepaid expenses } & 400,000 \\& 2,000\end{array}$
-Based on the above data,what is the quick ratio,rounded to one decimal point?

• A)1.7
• B)2.9
• C)1.1
• D)1.0

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Definitions:

Explanatory Variables

Variables in a statistical model that are believed to cause, or explain, changes in the response variable.

Unit Change

refers to a single increment change in the independent variable value, examining its effect on the dependent variable.

Average Change

The mean difference between values in a series of data points, representing the typical increase or decrease over time.

Y-Intercept

The point where a line or curve crosses the y-axis of a graph, indicating the value of the dependent variable when the independent variable is zero.