Q37:

all of below related to the quick ratio interpretation except:

Select one:

a.

the norm is 1:1.

b.

it measures the liquidity of the firm.

c.

how many dollars of quick current assets firm has to current liabilities.

d.

determine how quickly the firm can repay short-term debt by current assets.

Q38:

if cash receipt from customers is $450,000. and cash paid for suppliers is $200,000, for operating expenses $140,000 and for tax is $30,000. in addition, the gain proceeds from sale of an equipment is $ 20,000. the net cash flows from operating activities is

a.

$ 110,000

b.

$ 80,000

c.

$ 140,000

d.

$100,000