A Company's Quick Assets Are $147,000 and Its Current Liabilities

question 48

True/False

A company's quick assets are $147,000 and its current liabilities are $143,000.This company's acid-test ratio is 1.03 (rounded to two decimals).

---

Definitions:

Spelling Homework

An educational task assigned to students to practice and improve their spelling of words.

Achievement

The successful accomplishment of a task, goal, or challenge through effort, skill, or courage.

Anxiety Disorders

Mental health conditions characterized by excessive fear, worry, or anxiety that interfere with daily activities.

Implicit Motives

Unconscious motives that influence a person's behavior, often measured through projective tests rather than self-report questionnaires.