A firm has $60,000 in cash, $200,000 in accounts receivable, and $400,000 in current liabilities. Its quick ratio is _____
a. 0.5
b. 0.65
c. 1.7
d. 2.0
b
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Once a default judgment is established, the plaintiff only has to prove damages.
Answer the following statement true (T) or false (F)
Delicious Food Products is famous for its trail mix. The main ingredient of the trail mix is dried fruit, which Delicious purchases by the pound. In addition, the production requires a certain amount of direct labor. Delicious uses a standard cost system, and at the end of the first quarter, there was an unfavorable direct materials efficiency variance. Which of the following is a logical explanation for that variance?
A) The production manager negotiated a lower wage package for production staff, bringing direct labor costs down. B) The factory lost two experienced workers at the beginning of the quarter, and their replacements wasted a large amount of dried fruits during their training period. C) The purchasing manager was able to secure a volume discount on dried fruit, purchasing the fruit for less than the amount set by standard. D) The production staff changed the work flow process so that production required fewer direct labor hours.
A board of directors hired a consultant to evaluate their nonprofit organization’s legal compliance. According to Paton’s dashboard, the nonprofit is assessing the organization’s ______.
A. risks B. assets C. capabilities D. underlying performance
The central key to empowerment in a learning organization is
A. rigid structure. B. sufficient financial resources. C. trained employees. D. effective leadership.