QUESTION 9 Realistic Sound's unadjusted bank balance amounted to $3.000. Outstanding checks amounted to $500 and deposits in transit totaled $300. Based on this information alone, Realistic's adjusted cash balance is O a. $2,700. O b. $2,800. O c. $3,200. O d. $3,300 QUESTION 10 Which of the following is true regarding the relationship of the current ratio to the quick ratio? O a. Both focus on the relationship between all of the firm's current assets and part or all of its current liabilities. O b. Both focus on the relationship between part or all of the firm's current assets and all of its current liabilities. O c. For a company in the service industry, the current ratio and quick ratio will be significantly different. Od. The current ratio is based on a more conservative measure of liquidity