Based on the Above Data, What Is the Quick Ratio

question 114

Multiple Choice

Based on the above data, what is the quick ratio, rounded to one decimal point?

• A) 1.7
• B) 2.9
• C) 1.1
• D) 1.0

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Definitions:

Mnemonic Device

A method or technique used to aid memory, often by making information easier to remember through patterns, letters, or associations.

Memory Aid

A tool or strategy used to improve recall of information.

Preconceived Ideas

Opinions or beliefs formed before having adequate evidence, often leading to biases.

New Information

Fresh data or knowledge that was previously unknown or not available.