Jones Corp

question 98

Multiple Choice

Jones Corp.reported current assets of $193,000 and current liabilities of $137,000 on its most recent balance sheet.The current assets consisted of $62,000 Cash;$43,000 Accounts Receivable;and $88,000 of Inventory.The acid-test (quick) ratio is:

• A)1.4:1.
• B)0.77:1.
• C)0.54:1.
• D)1:1.
• E)0.64:1.

---

Definitions:

General Sense

Refers to the basic or overall understanding and perception of a topic or issue without delving into specific details.

Touch

A sensation perceived through the skin's receptors that involves the detection of pressure, temperature, and pain.

Cutaneous Receptors

Sensory receptors found in the dermis or epidermis of the skin that respond to various stimuli like touch, temperature, and pain.

Proprioceptors

Sensory receptors located in muscles and tendons that provide information about body position and movement.