Convex Industries Has Inventories of $218 Million, Current Assets of $1.4

question 87

Multiple Choice

Convex Industries has inventories of $218 million, current assets of $1.4 billion, and current liabilities of $504 million. What is its quick ratio?

• A) 1.17
• B) 0.94
• C) 2.81
• D) 2.35

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Definitions:

Using Informatics

The practice of employing information technology and data to support and improve healthcare outcomes, management, and the delivery of patient care.

Assisted Living

A residential option for elderly or disabled people who require some level of assistance with daily activities but do not need full-time care.

Independence

The state or quality of being self-governing and free from external control or support, often related to individuals or nations.

Raw Materials Inventory

The total cost of all the raw materials that are currently in stock and awaiting processing.