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4)1 I, IlII, and IV only 5) 1, II, III, and IV Question 19 (1 point) A frm with inventory of $199, total current assets of $943, and current liabilities of $371 has a quick (acid test) ratio of: Your Answer: Answer Question 20 (1 point) During the latest year, XYZ Corporation has total sales of $200.000, net income of 10.000, and its year-end total assets were S24000. The firms total debt to total assets ratio was 40%, what is firms total assets turnover? (enter your answer as a number rounded to 2 decimal places) Your Answer: Answer D View hint for Question 20 Question 21 (1 point)
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Answer #1

Question 19 :

Quick ratio = ( Current assets - Inventory ) / Current liabilities = ( $943 - $199 ) / $371 = $744 / $371 = 2.01

Note : As the information regarding rounding off is not given, the answer is rounded off to 2 decimal places.

Question 20 :

Total asset turnover = Sales / Total assets = $200,000 / $240,000 = 0.83

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