20) The commonly known as the quick ratio, uses a fem's balance sheet data as an indicator of whether it hat suffelent short-term assets to cover its short-term labites. A) Return on investment 0) Return on asset C) Cutting the firmy's dividend D) constant dividend growth model add test ratio 21) A 30 year mortgage loan is a () Long-term Liability. B) Current Liability C) Current Asset. D) Long-term Asset. E) None 22) Which of the following statements regarding the balance sheet is INCORRECT? A) The balance sheet provides a snapshots of the firm's financial position at a given point in time. 8) The balance sheet lists the firm's assets and flabilities C) The balance sheet reports stockholders equity on the right-hand side. 2) The balance sheet reports liabilities on the left-hand side, E) None FV PV P 23) Calculate present value of perpetuity that pays 110 in Interest each year and 5% Interest rate, B) 1100 A) E1000 C) 2100 D)E2000 C) E2200 P