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.

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Definitions:

After-school Activities

Organized programs or clubs that students can participate in outside of the regular school hours, which may include sports, arts, and academic clubs.

Transportation

The process or system of moving people or goods from one place to another.

Safety

The state of being safeguarded against or not susceptible to harm, danger, or damage.

Culturally Linguistically Diverse

Pertains to groups or individuals from varied cultural backgrounds and with different language proficiencies, highlighting the richness and complexity of a multicultural society.