Total Company Has Current Liabilities in the Amount of $1,250,000

question 195

Multiple Choice

Total Company has current liabilities in the amount of $1,250,000 and an acid test ratio of 3 and a current ratio of 7.What is the amount of quick assets that Total Company has on the balance sheet?

• A)$8,750,000
• B)$ 416,667
• C)$3,750,000
• D)$1,250,000
• E)$2,500,000

---

Definitions:

Venn Diagram

A diagram using overlapping circles to visually represent relationships between different sets of items.

Proposition

A claim that presents a viewpoint or an assessment.

Venn Diagram

A diagram that uses circles to represent sets and their relationships to each other, illustrating intersections, unions, and complements among the sets.

Categorical Syllogism

A form of reasoning in which a conclusion is derived from two premises, each of which shares a common or middle term not present in the conclusion.