Haley and Ethan own a small business and they are determining the firm’s assets. The amount of money in their checking account balance would be counted as __________.
A: liquidity
B: fixed assets
C: current assets
D: earnings before interest and taxes (EBIT)
A: liquidity
B: fixed assets
C: current assets
D: earnings before interest and taxes (EBIT)
举一反三
- Assets are often classified into current assets, long-term investments, plant assets, and intangible assets.
- Which of the following items describes the current assets? A: Assets which are currently located on the business premises B: Assets which are used to conduct the organisation's current business C: Assets which are expected to be converted into cash in the short-term D: Assets which are not expected to be converted into cash in the short-term
- If a company presents its balance sheet in a format that includes subtotals for current assets, current liabilities, noncurrent assets, and noncurrent liabilities, it is most likely presented:（） A: in an account format. B: as a classified balance sheet. C: as a functional balance sheet.
- The balance sheet provides a snapshot of the firm’s assets and liabilities.
- The quick ratio is measured as: A: current assets divided by current liabilities. B: cash on hand plus current liabilities, divided by current assets. C: current liabilities divided by current assets, plus inventory. D: current assets minus inventory, divided by current liabilities. E: current assets minus inventory minus current liabilities.