Kaplan Has a Current Ratio of 2

question 13

Multiple Choice

Kaplan has a current ratio of 2.5 to 1 and current liabilities of $12 000. If Kaplan has $9000 of inventory what is the quick ratio?

• A) 2.25 to 1
• B) 2.00 to 1
• C) 1.75 to 1
• D) 1.50 to 1

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Definitions:

Compulsions

Repetitive behaviors (overt actions or cognitive acts) performed in response to an obsession, or according to certain rules or in a stereotyped manner.

Obsessions

Persistent and intrusive thoughts, urges, or images that cause significant anxiety or distress.

Repetitive Behaviours

Actions or rituals repeated in a compulsive or habitual manner, often observed in neurodevelopmental disorders like Autism Spectrum Disorder (ASD).

Cognitive Acts

Mental actions or processes involved in acquiring knowledge and understanding through thought, experience, and the senses, such as perception, reasoning, memory, and judgment.