Using the Following Year-End Information for Calvin's Clothing,calculate the Current

question 234

Multiple Choice

Using the following year-end information for Calvin's Clothing,calculate the current ratio and acid-test ratio for the business:
$\begin{array}{lr}\text { Cash } & \$ 52,000 \\\text { Short-term investments } & 12,000 \\\text { Accounts receivable } & 54,000\\\text { Inventory } & 325,000 \\\text { Prepaid expenses } & 17,500 \\\text { Accounts payable } & 106,500 \\\text { Other current payables } & 25,000\end{array}$

• A) 1.80 and 1
• B) 1.97 and 1.52
• C) 2.73 and 1.52
• D) 3.50 and 0.90
• E) 1.80 and 0.90

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Biophysiological Model

An approach that explains mental and physical health disorders as a result of biological factors possibly interacting with psychological and social factors.

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A conceptual framework in psychology that represents and explains how psychological processes, behaviors, or phenomena occur and interact.

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An approach in psychology that emphasizes the role of the unconscious mind, childhood experiences, and interpersonal relationships in shaping behavior and personalities.

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