Kannan Carpets,Inc

question 15

Multiple Choice

Kannan Carpets,Inc.has asked you to calculate the company's quick ratio for 2001.All you have is a partial balance sheet and some assumptions.Using the information provided,calculate Kannan's quick ratio for 2001.
Gross profit margin = 50%
Inventory turnover (COGS/Inv) = 5
2001 sales = $3,000

• A)0.2
• B)0.4
• C)0.6
• D)0.8

---

Definitions:

Blood Transfusion

The process of transferring blood or blood-based products from one person into the circulatory system of another.

Normal Saline

A sterile solution of sodium chloride (salt) in water, used in medicine for hydration, wound cleaning, and as a vehicle for administering medications.

Hypertensive Crisis

A severe increase in blood pressure that can lead to stroke, heart attack, or other serious health conditions if not promptly treated.

Peripheral IV Line

A medical device inserted into a peripheral vein, typically in the hand or arm, to administer medications, fluids, or nutrients directly into the bloodstream.