The current ratio of a firm would equal its quick ratio whenever
A) the firm's current ratio is equal to one.
B) the firm's inventory is equal to its current liabilities.
C) the firm has no inventory.
D) the firm's inventory is equal to its other current assets.
C
You might also like to view...
If an advertiser wants to enhance the sales of a specific good or service, _____ advertising should be used
a. institutional b. product c. corporate d. advocacy
In return for what the employee gives, the organization provides _____ to the individual employee.
A. aid B. loyalty C. contributions D. inducements E. enticements
Calculate the cost of goods sold for a merchandiser using the periodic inventory system from the following details
Purchases $510,000 Beginning Merchandise Inventory 175,000 Purchase Returns and Allowances 50,000 Purchase Discounts 12,000 Freight In 18,000 Ending Merchandise Inventory 160,000 A) $510,000 B) $481,000 C) $499,000 D) $801,000
The New Sales Manager (Scenario)Wade McKenzie is a new sales manager for The Potomac Group, a healthcare finance consulting firm, based in the mid-South. In addition to performing his regular duties he has also been asked to evaluate the performance of his subordinates and present a report to his superiors.Six months into Wade's tenure as sales manager, he hosts his first regional sales meeting. During the course of the meeting, Wade meets individually with his employees and shows them a chart of their sales numbers for each month compared to their budgeted quota for the year to date. Additionally, Wade and each employee set mutually agreed-upon budget goals for the remaining six months of the fiscal year. Wade is utilizing the ________ method of performance appraisal.
A. BARS B. critical incident C. MBO D. multiperson comparison