Current Assets for Distributions Inc

question 162

Multiple Choice

Current assets for Distributions Inc.are $260,000 and total assets are $600,000.Current liabilities are $170,000 and total liabilities are $300,000.Included in the current assets are merchandise inventory and prepaid expenses of $25,000 and $15,000,respectively.What is the acid-test ratio?

• A) 1.15
• B) 0.87
• C) 1.53
• D) 1.29

---

Definitions:

Delusions of Persecution

A type of delusion where an individual believes, without basis, that they are being mistreated, spied on, or harassed by others.

Positive Symptoms

Features of a disorder that are present and observable, such as hallucinations or delusions, especially in the context of schizophrenia.

Negative Symptoms

Features often associated with schizophrenia or other psychiatric conditions, characterized by deficits or diminutions, such as lack of emotion, motivation, or social interaction.

Schizophrenia

A long-term mental disorder involving a breakdown in the relation between thought, emotion, and behavior, leading to faulty perception and withdrawal from reality.