Jones Corp. reported current assets of $193,000 and current liabilities of $137,000 on its most recent balance sheet. The current assets consisted of $62,000 Cash; $43,000 Accounts Receivable; and $88,000 of Inventory. The acid-test (quick) ratio is:
A. 1 : 1.
B. 0.54 : 1.
C. 0.64 : 1.
D. 0.77 : 1.
E. 1.4 : 1.
Answer: D
Business
You might also like to view...
A company had average total assets of $970,000. Its gross sales were $1,114,000 and its net sales were $925,000. The company's total asset turnover equals:
A. 1.05. B. 0.87. C. 0.95. D. 1.20. E. 1.10.
Business
Many companies have dropped formal strategic planning models like the BCG because they can be difficult, time consuming, and costly to implement
Indicate whether the statement is true or false
Business
Channel conflict can be minimized through intensive distribution and/or horizontal integration
Indicate whether the statement is true or false
Business
Define relational databases.
What will be an ideal response?
Business