A Firm Has the Following Balance Sheet Information: Total Assets

question 47

Multiple Choice

A firm has the following balance sheet information: total assets = $100,000; current assets = $30,000; inventories = $10,000; cash = $5,000; total liabilities = $30,000; current liabilities = $15,000; notes payable = $2,000. What are the firm's quick and NWC-to-Total-Assets ratios?

• A) 1.00 and .13
• B) 1.33 and .13
• C) 1.00 and .15
• D) 1.33 and .15

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Definitions:

Conditioned Stimulus

A previously neutral stimulus that, after becoming associated with an unconditioned stimulus, triggers a conditioned response.

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An American singer, songwriter, actor, and record producer, known for his contributions to pop music and roles in various films and television shows.

Classical Conditioning

An educational method where two stimuli are consistently associated, leading to a reaction initially triggered by the second stimulus but ultimately induced by the first stimulus alone.

Operant Conditioning

A learning process through which the strength of a behavior is modified by reinforcement or punishment.