A company's current assets are $23,420, its quick assets are $13,890 and its current liabilities are $12,220. Its acid-test ratio equals:
A. 1.41.
B. .52.
C. 0.88.
D. 1.14.
E. 1.91.
Answer: D
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All of the following are main centers for foreign exchange trading EXCEPT
a. Tokyo. b. London. c. Edmonton. d. New York.
________ is (are) collected in a standard format and made available to all subscribers
A) Basic data B) Complex data C) Written data D) Standardized information E) Syndicated data
Bond A has a 9% annual coupon while Bond B has a 6% annual coupon. Both bonds have a 7% yield to maturity, and the YTM is expected to remain constant. Which of the following statements is CORRECT?
A. The prices of both bonds will remain unchanged. B. The price of Bond A will decrease over time, but the price of Bond B will increase over time. C. The prices of both bonds will increase by 7% per year. D. The prices of both bonds will increase over time, but the price of Bond A will increase by more. E. The price of Bond B will decrease over time, but the price of Bond A will increase over time.
The strength of the beliefs underlying ethical universalism is that
A. ethical universalism recognizes significant variation in basic moral standards according to local cultural beliefs, local religious beliefs, and social mores. B. it leaves room for thinking that concepts of right and wrong can be varying shades of gray. C. what is deemed right or wrong, fair or unfair, moral or immoral, ethical or unethical is (or should be) grounded in religious doctrine and applied strictly to all business situations. D. ethical standards are objectively determined by religious and moral experts. E. it draws upon the collective views of multiple societies and cultures to put some clear boundaries on what constitutes ethical business behavior and what constitutes unethical business behavior no matter what country or culture a company is operating in.