Suppose a Graph with Ron's Weight on the Vertical Axis

question 54

Multiple Choice

Suppose a graph with Ron's weight on the vertical axis and his consumption of ice cream on the horizontal axis indicated that for each serving of ice cream he ate, Ron would gain 3 pounds, regardless of how much ice cream he had already eaten.This graph would show a

• A)horizontal line at weight = 3
• B)straight line with slope = 3
• C)straight line with slope = 1/2
• D)straight line with slope = -3
• E)straight line with slope = -1/3

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Definitions:

Acid-test Ratio

A stringent test that measures the liquidity of a company by comparing its most liquid assets (excluding inventory) against its short-term liabilities.

Receivable Turnover

A financial ratio that measures how efficiently a company collects on outstanding accounts receivable during a particular period.

Inventory Turnover

A financial ratio indicating how many times a company has sold and replaced inventory over a period.

Current Ratio

It's a measure of a corporation's capability to meet its immediate financial obligations using its current assets.