The Crafter Company Has the Following Assets and Liabilities Determine the Quick Ratio (Rounded to One Decimal Point)

question 156

Multiple Choice

The Crafter Company has the following assets and liabilities:

$\begin{array}{|c|c|}\hline{\text { ASSETS }} & \\\hline \text { Cash } & \$ 28,000 \\\hline \text { Accounts receivable } & 15,000 \\\hline \text { Inventory } & 20,000 \\\hline \text { Equipment } & 50,000 \\\hline\\\hline {\text { LIABILITIES }} & \\\hline \text { Current portion of long-term debt } & 10,000 \\\hline \text { Accounts payable } & 2,000 \\\hline \text { Long-term debt } & 25,000 \\\hline\end{array}$

Determine the quick ratio (rounded to one decimal point) .

• A) 5.3
• B) 3.6
• C) 3.3
• D) 2.3

---

Definitions:

Stimulus Discrimination

The ability to distinguish between different stimuli or signals in the environment, often relevant in learning and conditioning.

Operant Conditioning

A method of learning that occurs through rewards and punishments for behavior, aiming to influence the occurrence of behavior through these consequences.

Higher-order Conditioning

A form of learning in which a stimulus is paired with a previously conditioned stimulus, leading to a new learned response without directly being paired with the unconditioned stimulus.

Negative Reinforcement

A technique used to increase desired behaviors by removing an unpleasant stimulus when the desired behavior is performed.