The current ratio:
A. is a measure of profitability.
B. equals total assets divided by total liabilities.
C. is a measure of a firm's ability to pay its current liabilities.
D. equals current liabilities divided by current assets.
Answer: C
You might also like to view...
? In _____, nonprogrammer users write their own business applications.
Fill in the blank(s) with the appropriate word(s).
From the standpoint of displaying good interpersonal skill, what should Jody do about responding to the call?
A) Pick up her cell phone immediately and send a response explaining her plan to pay in five days. B) Place her cell phone on her lap, and send a text message the best she can without appearing to be sending a text message. C) Begin to cough, holding up five fingers suggesting that she has to leave the room for, and will return in a few minutes. While out of the conference room, Jody then sends the urgent text message. D) Wait for a break in the meeting, and then discretely compose a message to her landlord.
A decline in the Housing Affordability Index indicates that housing
A) prices and family income have declined. B) prices and family income have increased. C) prices have declined and family income has increased. D) is now more difficult for the typical family to purchase and finance.
Which of the following is a key issue in Fourth Amendment cases:
a. whether a person has a constitutionally protected reasonable expectation of privacy b. whether the defendant had an illegal firearm c. whether the principles of frees speech were violated d. whether self-defense was warranted under the circumstances e. none of the other choices are correct