(5)A business formed by two or more individuals who each have unlimited liability for all of the firm's business debts is called a: A) corporation. B) sole proprietorship. C) general partnership. D) limited partnership. E) limited liability company. (6) Which one of the following is a use of cash? A) Decrease in fixed assets B) Decrease in inventory C) Increase in long-term debt D) Decrease in accounts receivables E) Decrease in accounts payable (7) Duke's Garage has cash of $68, accounts receivable of $142, accounts payable of $235, and inventory of $318. What is the value of the quick ratio? A) 2.25 B) .53 C) .71 D) .89 E) 1.35