Phillips,Inc

question 166

Multiple Choice

Phillips,Inc.had the following financial data for the year ended December 31,2019.

What is the cash ratio as of December 31,2019,for Phillips,Inc.? (Round your answer to two decimal
Places. )

• A)0)30
• B)0)38
• C)0)49
• D)0)85

---

Definitions:

Brown V. Board of Education

A landmark United States Supreme Court case in which the Court declared state laws establishing separate public schools for black and white students unconstitutional.

Supreme Court Case

A legal dispute that has been appealed to the Supreme Court of the United States, the highest judicial authority in the country.

Strategy of Litigation

The methodical and tactical use of the legal system and lawsuits to achieve a specific objective, such as civil rights, policy changes, or personal compensation.

Congressional Committee

A legislative sub-organization in the United States Congress that handles specific duties and responsibilities, aiding in the legislative process.