Question: 1-5 completes the statement 8P MULTIPLE CHOICE. Choose the one alternative that best Shown below are selected data from the balance sheet of Bill's Auto
completes the statement 8P MULTIPLE CHOICE. Choose the one alternative that best Shown below are selected data from the balance sheet of Bill's Auto Parts, a retail store (dollar amounts are in thousands): 0 $130 Cash ccounts receivable $400 ventorV Total assets Current liabilities Noncurrent liabilities $1260 $340 $280 1Refer to the information above. What is the quick ratio? 1.09 to1 B) 1.5 to 1. C) 20%. 2) Refer to the information above. What is the current ratio? 2.6 to I C) Less than 2 to I, but not 1.2 to I. B) 1.2 to 1 D) More than 2 to 1, but not 2.6 to LoO ) Refer o the indomation abovg, Working capital cquals: A) $270,000. $560,000 D) SS30,000A-C C) $900,000 4) Refer to the information above. Bill's debt ratio is: 49%. B) 57%. C)22%. D) 27%. 5) In a statement of cash flows, collections of accounts receivable are classified as: Operating activities. C) Revenues and Gains. B) Investing activities. D) Financing activities. Cuterach,( _cn .och.( -twosser deb
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