A person who authorizes an agent to sign a negotiable instrument on his or her behalf is known as a(n) ________

Parker Lane Cafe currently has $160,000 in cash, $380,000 in inventory, and $40,000 in accounts receivable. The company also has $40,000 in accounts payable, and $10,000 in other current liabilities. What is its quick ratio?

a. 11.6: 1 b. 4: 1 c. 3.2: 1

Under the indirect method, a gain from the early extinguishment of long-term debt is subtracted from net income

Indicate whether the statement is true or false