The following balance sheet information is provided for Greene Company for Year 2:Assets Cash$5,400 Accounts receivable 15,500 Inventory 18,000 Prepaid expenses 1,600 Plant and equipment, net of depreciation 20,200 Land 19,950 Total assets$80,650 Liabilities and Stockholders' Equity Accounts payable$4,500 Salaries payable 11,500 Bonds payable (due in ten years) 19,000 Common stock, no par 30,000 Retained earnings 15,650 Total liabilities and stockholders' equity$80,650 What is the company's quick (acid-test) ratio? (Round your answer to 1 decimal place.)
A. 3.8
B. 1.4
C. 1.3
D. 0.7
Answer: C
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All of the following facts pertain to China except:
A) China is in the upper-middle-income category. B) China is the largest single destination for foreign investment in the developing world. C) China is a member of the World Trade Organization. D) China has sprawling bureaucracy. E) China has intellectual property rights.
The purpose of a(n) ____________________ report is to provide a status update on a project
Fill in the blank(s) with correct word
The number of sentences does not determine whether a section of text is a ____ the unity and coherence of ideas among those sentences does.
A. call-out B. independent clause C. paragraph D. list
Los Angeles Lumber Company (LALC) is considering a project with a cost of $1,000 at Time = 0 and inflows of $300 at the end of Years 1-5. LALC's cost of capital is 10%. What is the project's modified IRR (MIRR)?
A) 10.0% B) 12.9% C) 15.2% D) 18.3% E) 20.7%