This Statement of Facts Is Presented for Problems 12 and 13

question 3

Multiple Choice

This statement of facts is presented for problems 12 and 13: A hospital's trial balance shows the following captions: (1) cash equivalents; (2) prepaid insurance on buildings; (3) inventory of medicines; (4) short-term investments; (5) accumulated depreciation on buildings; (6) current portion of long-term debt;and (7) accounts receivable.
-Which of these seven accounts do not enter into the calculation of the quick ratio?

• A)(3), (5),and (6)
• B)(2), (5),and (7)
• C)(2), (3),and (5)
• D)(3), (5),and (7)

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Definitions:

Monthly Precipitation

The total amount of rain, snow, sleet, or hail that falls in a given area over the course of a month.

Cities

Large human settlements characterized by areas of high population density and vast human features in comparison to areas surrounding them.

Canada

A country in North America consisting of ten provinces and three territories, known for its vast landscapes, multicultural communities, and bilingualism in English and French.

Test Scores

Quantitative measures that reflect an individual's performance on an examination or test.