Match the Appropriate Variable or Variables to Each Space in the Appropriate

question 52

Multiple Choice

Match the appropriate variable or variables to each space in the appropriate equation.Note: you may use a variable more than once and some variables might not be used.

• A)Current liabilities
• B)Cash
• C)Net income
• D)Quick ratio
• E)Net receivables
• F)Stated interest rate
• G)Income tax expense
• H)Net bonds payable
• I)Short-term investments
• J)Bonds payable
• K)Interest expense
• L)Liquidity
• ______ = Liquid Assets/______
• Quick Ratio = (______ + ______ + ______)/______
• Times Interest Earned Ratio = (______ + ______ + ______)/______

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Definitions:

Interest Payable

The amount of interest expense that has been incurred but not yet paid by a company during a specific period.