Limousine Conversion Company purchases ordinary Cadillacs, cuts them in half, and then adds a middle section to the vehicles to create stretch limousines. With respect to the number of cars converted, the cost of the Cadillacs purchased for conversion by Limousine Conversion Company would best be described as a: 1 fixed cost 2 mixed cost 3 step-variable cost 4 variable cost The following refers to questions 14-16: Shown below are selected data from the balance sheet of Megabyte, a small electronics store (dollar amounts are in thousands): Refer to the above data. The quick ratio is: 1 1.5 to 1. 2 0.7 to 1. 3 0.45 to 1. 4 Some other amount. Refer to the above data. The current ratio is: 1 5.0 to 1. 2 1.5 to 1. 3 0.7 to 1. 4 Some other amount. Refer to the above data. Working capital amounts to: 1 R150,000. 2 R250,000. 3 R100,000. 4 Some other amount. Which of the following relationships cannot be derived from the accounting equation 1 Assets - Liabilities = Shareholder's Equity. 2 Shareholder's Equity + Liabilities = Assets. 3 Assets - Shareholder's Equity = Liabilities. 4 Liabilities + Assets = Shareholder's Equity