The Financial Statements of Denison Furniture Company Include the Following

question 29

Multiple Choice

The financial statements of Denison Furniture Company include the following items: $\begin{array}{lrr}&2019&2018\\\text { Cash } & \$ 53,500 & \$ 53,000 \\\text { Short-term Investments } & 29,000 & 15,000 \\\text { Net Accounts Receivable } & 92,000 & 105,000 \\\text { Merchandise Inventory } & 162,000 & 142,000 \\\text { Total Assets } & 532,000 & 551,000 \\\text { Total Current Liabilities } & 235,000 & 215,000 \\\text { Long-term Note Payable } & 62,000 & 60,000\end{array}$
What is the 2019 cash ratio? (Round your answer to two decimal places)

• A) 0.18
• B) 0.10
• C) 0.35
• D) 0.23

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Definitions:

Interaction Patterns

Repetitive behaviors or actions that occur during interactions between individuals or groups.

Problematic Family Patterns

Repeated behaviors or dynamics within a family that contribute to conflict or dysfunction.

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