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1-5 completes the statement 8P MULTIPLE CHOICE. Choose the one alternative that best Shown below are selected data from the balance sheet of Bill's Auto

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completes the statement 8P MULTIPLE CHOICE. Choose the one alternative that best Shown below are selected data from the balance sheet of Bill's Auto Parts, a retail store (dollar amounts are in thousands): 0 $130 Cash ccounts receivable $400 ventorV Total assets Current liabilities Noncurrent liabilities $1260 $340 $280 1Refer to the information above. What is the quick ratio? 1.09 to1 B) 1.5 to 1. C) 20%. 2) Refer to the information above. What is the current ratio? 2.6 to I C) Less than 2 to I, but not 1.2 to I. B) 1.2 to 1 D) More than 2 to 1, but not 2.6 to LoO ) Refer o the indomation abovg, Working capital cquals: A) $270,000. $560,000 D) SS30,000A-C C) $900,000 4) Refer to the information above. Bill's debt ratio is: 49%. B) 57%. C)22%. D) 27%. 5) In a statement of cash flows, collections of accounts receivable are classified as: Operating activities. C) Revenues and Gains. B) Investing activities. D) Financing activities. Cuterach,( _cn .och.( -twosser deb

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