If the quick ratio was 0.80 times in 2013, and in 2012 it was 1.10 times. What is the meaning of a change like this in the quick ratio?
A) The company's cash, receivables and inventories increased with current liabilities unchanged.
B) The company's cash and receivables decreased with currently liabilities unchanged.
C) The company's cash, receivables and marketable securities decreased with currently liabilities increasing.
D) The company's cash, receivable and marketable securities increased while current liabilities remained unchanged.
Correct Answer:
Verified
Q80: What measures the productivity level of a
Q81: Which ratios are most effective in measuring
Q82: Which ratio is most likely to interest
Q83: Which ratio measures a business's ability to
Q84: If the current ratio was 1.95 in
Q86: Company A has a times-interest-earned ratio of
Q87: If a business has a fixed-charges coverage
Q88: If a company has an average collection
Q89: If company A showed a capital assets
Q90: If a company had a total assets
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents