16

Quick assets divided by current liabilities is the:

Multiple Choice

• Acid-test ratio.

• Current ratio.

• Working capital ratio.

• Current liability turnover ratio.

• Quick asset turnover ratio.

17

Net sales divided by Average accounts receivable, net is the:

Multiple Choice

• Days' sales uncollected.

• Average accounts receivable ratio.

• Current ratio.

• Profit margin.

• Accounts receivable turnover ratio.

18

Dividing Accounts receivable, net by Net sales and multiplying the result by 365 is the:

Multiple Choice

• Profit margin.

• Days' sales uncollected.

• Accounts receivable turnover ratio.

• Average accounts receivable ratio.

• Current ratio.

19

Dividing ending inventory by cost of goods sold and multiplying the result by 365 is the:

Multiple Choice

• Inventory turnover ratio.

• Profit margin.

• Days' sales in inventory.

• Current ratio.

• Total asset turnover.

20

Net sales divided by average total assets is the:

Multiple Choice

• Profit margin.

• Total asset turnover.

• Current ratio.

• Sales return ratio.

• Return on total assets.