The Crafter Company Had the Following Assets and Liabilities as of December

question 169

Multiple Choice

The Crafter Company had the following assets and liabilities as of December 31, 2012: Determine the quick ratio for the end of the year (rounded to one decimal point) .

• A) 6.7
• B) 13.0
• C) 4.2
• D) 3.5

---

Definitions:

Anchoring

Anchoring is a cognitive bias in decision-making where an individual relies too heavily on an initial piece of information (the "anchor") to make subsequent judgments or estimates.

Affect-Infusion Model

A model suggesting that the mood or affective state of an individual can influence their cognitive processes and decision-making.

Moods Modify

The alteration of emotional states that can impact an individual's perception, judgement, and interpersonal interactions.

Congruent

In harmony or agreement; matching in character or kind.