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:

Revenue

The earnings a company garners from its principal operations, often through selling products and services to its clientele.

Supply

The total amount of a particular good or service that is available to consumers at a given price level in a given time period.

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in its price; high elasticity indicates sensitivity to price changes.

Supply Curve

A graphical representation that shows the relationship between the price of a good or service and the quantity of that good or service that suppliers are willing and able to provide.