GT Company Has $200 in Cash, $500 in Accounts Receivable

question 135

Multiple Choice

GT Company has $200 in cash, $500 in accounts receivable, and $700 in inventory. The company also has $200 in accounts payable and $200 in unearned sales revenue. What is the company's quick ratio?

• A)1.75
• B)2.25
• C)3.00
• D)3.50

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Definitions:

Consumer Advocates

Individuals or organizations that actively work to protect the rights and interests of consumers.

Manufacturers

Businesses or individuals that produce finished goods from raw materials through the use of labor, tools, and processing.

Generalized Product Life Cycle

A conceptual framework describing the stages a product goes through, from introduction to decline in the market.

Marketing Objective

A specific, measurable goal that a company aims to achieve with its marketing efforts within a given timeframe.