The 2013 and 2014 Partial Balance Sheets for Ottoman Industries

question 47

Multiple Choice

The 2013 and 2014 partial balance sheets for Ottoman Industries is shown below: Calculate the 2014 acid-test ratio.

• A)1.27
• B)1.51
• C)2.03
• D)2.20

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Definitions:

Atomic Open Sentence

A simple sentence in symbolic logic that contains variables but does not contain any logical connectives and cannot be further divided into simpler sentences.

Compound

A thing that is composed of two or more separate elements.

Atomic

Relating to atoms, the smallest component of an element having the chemical properties of the element.

Truth-functional Compound

A compound statement in logic whose truth value is determined by the truth values of its components.