Kannan Carpets,Inc

question 47

Multiple Choice

Kannan Carpets,Inc.has asked you to calculate the company's quick ratio for 2001.All you have is a partial balance sheet and some assumptions.Using the information provided,calculate Kannan's quick ratio for 2001.
Gross profit margin = 50%
Inventory turnover (COGS/Inv) = 5
2001 sales = $3,000
Assets Liabilities & Equity
Cash ? Accounts payable $50
AR $40 Accruals ?
Inventory ? Long-term debt $400
Net fixed assets $500 Equity 250
Total assets $900 Total liab.& equity ?

• A)0.2
• B)0.4
• C)0.6
• D)0.8

Recognize the importance of Hegelian-Marxist thought and identify its main proponents.

Analyze the debate on the methodological approach of social science in relation to natural sciences.

Comprehend the development and impact of dialectics and idealism in society.

Understand the stance of classic sociologists on religion and scientific rationalism.

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Definitions:

Emotionally Healthier

Being in a state where one has good emotional health, characterized by the ability to manage emotions, cope with life's challenges, and maintain positive relationships.

Social Support

The perception or reality of having assistance available from other people, and the actual aid received from them, which can significantly affect an individual's stress levels and mental health.

Spirituality

An individual's sense of peace, purpose, and connection to others, and beliefs about the meaning of life.

Actor/Observer Bias

When interpreting our own behavior, the tendency to focus on situations rather than personality traits.