If the Quick Ratio Is 3,and the Current Liabilities Are

question 144

Multiple Choice

If the quick ratio is 3,and the current liabilities are $200,000,what is the amount of quick assets? (Round your final answer to the nearest dollar. )

• A)$200,000
• B)$66,667
• C)$600,000
• D)none of the above

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Definitions:

Support Price

A price level set by the government or a regulatory body to stabilize or support the market price of a commodity.

Demand Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that good, with all else being equal.

Producer Surplus

The difference between what producers are willing to sell a good for and the higher price they actually receive.

Government Policy

Actions, regulations, or laws enacted by a government to influence economic, social, or environmental outcomes within its jurisdiction.