Refer to the financial information presented for Faultless, Inc What is the company's current ratio for 2012?
A) 0.3
B) 3.0
C) 1.0
D) 0.9
B
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Which of the following is included in the internal control procedure—documents?
A) Mandatory vacations will improve internal control. B) Separate the custody of assets from accounting. C) The invoices and orders must be pre-numbered. D) A company should purchase a fireproof vault to protect legal documents.
All of the following are measures of liquidity except
a. the quick ratio. b. return on assets. c. the current ratio. d. working capital.
Net income results when expenses exceed revenues
Indicate whether the statement is true or false
Randy keeps getting unwanted and annoying e-mails from several marketing firms unknown to him. The number of these e-mails is alarmingly high in his inbox. Which of the following best describes these e-mails?
A) malware B) adware C) Trojan D) firewall E) spam