A Company's Current Assets Were $17,980, Its Quick Assets Were

question 123

Multiple Choice

A company's current assets were $17,980, its quick assets were $11,420 and its current liabilities were $12,190. Its quick ratio equals:

• A) 0.94.
• B) 1.07.
• C) 1.48.
• D) 1.57.
• E) 2.40.

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Definitions:

Identical Expected Values

Situations where two or more uncertain alternatives have the same expected outcome or result.

Investment Opportunity

A financial or economic chance to invest capital with the expectation of achieving a profitable return.

Risk Averse

Condition of preferring a certain income to a risky income with the same expected value.

Expected Benefit

The anticipated or forecasted gain or advantage that arises from a specific action or decision, often considered in cost-benefit analysis.