Fernvale Pty Ltd Has a Current Ratio of 2:1 with Total

question 57

Multiple Choice

Fernvale Pty Ltd has a current ratio of 2:1 with total current liabilities of $30 000.If Fernvale Pty Ltd's inventory is $7 500,the quick ratio is:

• A) 2.67:1
• B) 1.75:1
• C) 2.25:1
• D) 1.6:1

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Definitions:

Latency

In networking, the amount of delay experienced as a packet travels from source to destination.

DHCP Server

Software configured on a network server or router that issues IP addresses from its pool of numbers upon request to a network device.

Ipconfig

A command used from a command prompt in Windows to view the current IP configuration settings.

Static IP

A Static IP address is a permanent internet protocol address assigned to a computing device, allowing it to be consistently identified on a network.