Excerpts from Zorra Corporation's Most Recent Balance Sheet Appear Below

question 145

Multiple Choice

Excerpts from Zorra Corporation's most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,370 and the cost of goods sold was $850.
-The acid-test ratio at the end of Year 2 is closest to:

• A)1.81
• B)2.62
• C)1.69
• D)1.36

Understand the principles and application of peacemaking criminology.

Differentiate between peacemaking criminology and other criminological theories.

Recognize the role of ethics in criminological theories, particularly the care ethics.

Comprehend the approaches to solving ethical dilemmas within criminological context.

---

Definitions:

Expressed

Typically refers to something stated explicitly or in a clear manner, often used in the context of contracts or mathematical terms.

Ratio

The expression of a financial statement item or set of items as a percentage of another financial statement item in order to measure an important economic relationship as a single number.

Solvency

The ability of an entity to meet its long-term financial commitments and debts as they come due.

Liquidity

A measure of how quickly and easily an asset can be converted into cash without significantly affecting its price.