The Ratio of Quick Assets to Current Liabilities Is Known

question 67

Multiple Choice

The ratio of quick assets to current liabilities is known as which of the following?

• A)Working capital.
• B)Current ratio.
• C)Quick ratio.
• D)Cash coverage.

Understand the role of self-esteem and neural activation in self-perception processes.

Identify the limitations and advantages of interviews in psychological assessment.

Understand the principles of developing and evaluating personality assessment tools.

Gain insight into the use of personality traits in understanding behavior.

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Definitions:

Direct Method

A way of presenting the cash flow statement where major categories of gross cash receipts and cash payments are disclosed.

Cost of Goods Sold

The total cost of all materials, labor, and overhead used to produce goods sold by a business during an accounting period.

Merchandise Inventory

Goods that a company holds for the purpose of selling them to customers, often a significant current asset on the balance sheet.

Accounts Payable

Liabilities of a business that represent money owed to creditors for goods and services purchased on credit.