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:

Binary Differences

The distinctions or comparisons made between two options, categories, or phenomena, often presenting them as opposites.

Equal Elements

Components of a system or set that are given the same value, importance, or treatment within a particular context.

Lesbian Employees

Employees who identify as lesbian, a term used to describe women attracted to other women.

Gay Employees

Employees who identify as gay, reflecting their sexual orientation towards individuals of the same sex.