If a Firm's Current Ratio Less Quick Ratio Is 1

question 155

Multiple Choice

If a firm's current ratio less quick ratio is 1.0, then:

• A) the firm's inventory is equal to its current assets.
• B) the firm's cash is equal to its current liabilities.
• C) the firm's accounts receivable are equal to its current assets.
• D) the firm's inventory is equal to its current liabilities.

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Definitions:

Downtown Area

Typically refers to the main business, commercial, or cultural district in a city or town, often its geographic or economic center.

Systematic Desensitization

Is a behavioral therapy technique used to reduce phobic reactions through gradual exposure to the feared object or situation combined with relaxation exercises.

Classical Conditioning

A learning process that occurs through associations between an environmental stimulus and a naturally occurring stimulus, leading to a learned response.

Transference

In psychoanalysis, the redirection of feelings and desires originally experienced in childhood toward a new object, such as a therapist.