Which of the Following Items Should Be Excluded from the Assets

question 20

Multiple Choice

Which of the following items should be excluded from the assets or liabilities when computing the quick ratio?

• A)inventories
• B)amount of long-term debt due in the following year
• C)accounts payable
• D)cash equivalents

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Definitions:

Peak Performance

Achieving the highest level of performance capability of an individual or group, often under specified conditions.

Flow

A state of intense focus and immersion in activities, where individuals lose sense of time and self, often leading to high levels of productivity and creativity.

Elitist

a term used to describe a person or class of people considered to be superior to others, often in terms of intellect, wealth, or social status.

Maslow's Theory

A psychological theory proposing a hierarchy of five categories of human needs, from basic physiological needs to safety, love and belonging, esteem, and finally, self-actualization.