A. Stock pile
B. Hoard stock
C. Buffer stock
D. Withheld stock
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The ability to meet debts as they become due is known as __________________?
0
The ability to convert assets to cash quickly is known as ________________?
A. Solvency
B. Leverage
C. Insolvency
D. Liquidity
0
What is the basic accounting equation ?
A. Solvency
B. Liquidity
C. Leverage
D. Insolvency
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The financial health of the company is measured in terms of______________?
A. Assets = liability + owner’s equity
B. Liability = assets + owners’ equity
C. Owner’s equity = assets + liability
D. Owner’s equity = liability – assets
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What is an index of short-term paying ability ?
A. Liquidity
B. Solvency
C. Relative risk
D. All of the above
0
The common ratio is the ratio of_______________?
A. Price-earnings ratio
B. Current ratio
C. Profit margin ratio
D. Gross margin
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What is defined as the current assets minus inventories and prepaid expenses ?
A. Net credit sales to average net receivable
B. Current assets to current liabilities
C. Gross profit to net sales
D. Net income to owner’s equity
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