If You Were Given the Components of Current Assets and of Current

question 53

Multiple Choice

If you were given the components of current assets and of current liabilities,what ratio(s) could you compute?

• A)Quick ratio
• B)Average collection period
• C)Current ratio
• D)Both A and C
• E)All of the above

---

Definitions:

Nationalization

The act of bringing a private sector entity under the control of the government, usually in key industries considered vital to national interests.

Bill of Rights

The initial ten amendments ratified in 1791 to the U.S. Constitution, ensuring rights including freedom of speech, assembly, and religion.

Fourteenth Amendment

An amendment to the U.S. Constitution granting citizenship to all persons born or naturalized in the United States and protecting civil rights.

Ex Post Facto Laws

Laws that retroactively change the legal status of actions that were committed before the enactment of the law, prohibited by the U.S. Constitution.