The most severe measure of a retailer's liquidity is the _____

a. quick ratio
b. collection period
c. current ratio
d. assets to net sales ratio

a

Business

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The Cash amount properly shown on the year-end balance sheet is the:

A. Balance per the year-end bank statement B. Balance in the general ledger account before the year-end bank reconciliation C. Balance per the year-end bank statement less deposits in transit and plus outstanding checks D. Balance in the general ledger account after entries from the year-end bank reconciliation have been posted

Business

Items of personal property that become real property once they are attached to real property are known as:

A. attachments B. fixtures C. inclusions D. appurtenances

Business