The world economy has changed profoundly as evident by the fact that the global competitors have steadily displaced or absorbed local competitors

Why is the quick ratio considered by some to be a better measure of liquidity than the current ratio?

A) The quick ratio more accurately reflects a firm's profitability. B) It omits the least liquid current asset from the numerator of the ratio. C) The current ratio does not include accounts receivable. D) It measures how "quickly" cash flows through the firm.

The Recovery Account is available to

a. brokers. b. salespeople. c. people victimized by a real estate licensee. d. real estate licensees victimized by their clients.