In a situation in which payments are either demanded or likely to be required to obtain a sale, ethics is not a source of guidance for firms and their managers

Water Works, Inc. has a current ratio of 1.33, current liabilities of $540,000, and inventory of $400,000. What is Water Works, Inc.'s quick ratio?

A) 1.11 B) 0.86 C) 1.90 D) 0.59

Which one of the following would not be considered an advantage of the corporate form of organization?

a. government regulation b. separate legal existence c. continuous life d. limited liability of stockholders