Note: Use the following information to answer questions (19) and (20): Current Assets: Quick Assets:...
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Note: Use the following information to answer questions (19) and (20): Current Assets: Quick Assets: Current Liabilities: 19) Using the above information, which of the following is the correct amount for the current ratio? a) 1.67 b) 1.33 $100,000 $ 60,000 $ 80,000 a) .60 b) .75 c) 1.25 d) .75 20) Using the above information, which of the following is the correct amount for the acid test ratio? c) 1.25 d) 1.33 21) Which of the following is not shown on a bond certificate? a) Face value b) Maturity date c) Market interest rate d) Contractual (stated) interest rate
Note: Use the following information to answer questions (19) and (20): 19) Using the above information, which of the following is the correct amount for the current ratio? a) 1.67 c) 1.25 b) 1.33 d) .75 20) Using the above information, which of the following is the correct amount for the acid test ratio? a) .60 c) 1.25 b) .75 d) 1.33 21) Which of the following is not shown on a bond certificate? a) Face value b) Maturity date c) Market interest rate d) Contractual (stated) interest rate
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