Which of the Following Is Not Considered a Business (Source)document

question 146

Multiple Choice

Which of the following is not considered a business (source) document?

• A)Time card
• B)Purchase order
• C)Sales invoice
• D)Schedule listing all of the insurance policies in force

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Definitions:

Quick Ratio

Quick ratio, also known as acid-test ratio, is a liquidity metric that indicates a company's ability to cover its short-term liabilities with its most liquid assets, excluding inventory.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year, calculated as current assets divided by current liabilities.

Return on Assets

A profitability ratio indicating the efficiency with which a company uses its assets to generate net income, calculated by dividing net income by total assets.

Return on Equity

A financial ratio that measures the profitability of a company in relation to shareholders' equity, indicating how effectively equity supports operations and growth.