You Are Calculating the Quick Ratio for the General Fund

question 15

Multiple Choice

You are calculating the quick ratio for the General Fund.The General Fund balance sheet contains the following captions: (1) cash; (2) cash equivalents; (3) taxes receivable; (4) inventory; (5) prepaid items;and (6) due from other funds.Which of these accounts will enter into the calculation?

• A)(1)and (2)
• B)(1), (2),and (3)
• C)(1), (2), (3),and (6)
• D)all six

---

Definitions:

Girls

Refers to female children and young women.

Boys

Young male individuals, typically children or adolescents, distinct in development, behavior, and societal roles from girls.

Widowhood

The state or period of being a widow or widower, which involves adjusting to life after the death of a spouse.

Trauma

A deeply distressing or disturbing experience, which can lead to emotional, psychological, or physical distress.