Which of the following ratios is calculated to help determine the liquidity of a firm?

A. Inventory turnover ratio
B. Quick ratio
C. Total assets turnover ratio
D. Debt ratio
E. Net profit ratio


Answer: B

Business

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A financial statement providing information that helps users understand a company's financial status, and which lists the types and amounts of assets, liabilities, and equity as of a specific date, is called a(n):

A. Income statement. B. Statement of retained earnings. C. Financial Status Statement. D. Balance sheet. E. Statement of cash flows.

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New products and services are mostly the sole responsibility of a single firm in the supply chain

Indicate whether the statement is true or false a. True b. False

Business

Which of the following would be considered courteous and responsible smart phone use in the workplace?

A) Speak in low, conversational tones. B) Don't text while driving, cycling, or walking down the sidewalk. C) Don't check text or check e-mail messages on your phone during meetings and other face-to-face conversations. D) All of the above will help you be a courteous and respectful smart phone user.

Business

All states allow the remedy of rescinding a contract for the sale of goods while still allowing the remedy of suing for damages

a. True b. False Indicate whether the statement is true or false

Business