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

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Definitions:

Offer Rewards

The practice of providing incentives or compensation to encourage specific behaviors or actions.

Ethnomethodological

Refers to the study of the methods and practices people use in everyday life to understand and produce the social order.

Conversational Analysis

A method in social science that studies the structure and patterns of conversation and how participants understand and respond to each other in spoken interaction.

Ethnomethodological

A perspective focusing on the ways individuals use everyday conversation and gestures to construct a shared sense of order and reality.