• 2022-05-29
    A company's quick assets are $147,000 and its current liabilities are $143,000. This company's acid-test ratio is 1.03.
  • 内容

    • 0

      which of the following measures indicates the ability of a firm to pay its current liabilities? A: working capital B: current ratio C: Acid-test ratio D: all of the above

    • 1

      The assets of Company A are $145,200, and the owner’s equity is $26,000. What is the amount of the liabilities?

    • 2

      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.

    • 3

      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.

    • 4

      Johnson company pays the software company $5,000 with a check that they bought. Which the following statement is true? A: Assets are increase and liabilities are increase. B: Assets are decrease and owner’s equity is decrease. C: Assets are decrease and liabilities are decrease. D: Assets are increase and owner’s equity is increase.