Based on the Following Data, What Is the Quick Ratio

question 128

Multiple Choice

Based on the following data, what is the quick ratio, rounded to one decimal point

$$\begin{array} { l r } \text { Accounts payable } & 30,000 \\\text { Accounts receivable } & 60,000 \\\text { Accrued liabilities } & 5,000 \\\text { Cash } & 30,000 \\\text { Intangible assets } & 50,000 \\\text { Inventory } & 69,000 \\\text { Long-term investments } & 80,000 \\\text { Long-term liabilities } & 100,000 \\\text { Marketable securities } & 30,000 \\\text { Fixed assets } & 670,000 \\\text { Prepaid expenses } & 1,000\end{array}$$

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Definitions:

Deconditioned

A loss of physical fitness or undoing of the effects of conditioning, often as a result of inactivity or training cessation.

Social Learning

A theory that proposes people can learn new behaviors and attitudes through observation of others' actions and outcomes.

Classical Conditioning

A learning process that occurs when two stimuli are repeatedly paired; a response that is at first elicited by the second stimulus is eventually elicited by the first stimulus alone.

Operant Conditioning

A method of learning that occurs through rewards and punishments for behavior, emphasizing the influence of consequences on behavior.