22. Current assets divided by current liabilities is equal to the: A. Current ratio B. Quick ratio C. Debt ratio D. Liquidity ratio E. Solvency ratio 23. Net credit sales divided by average net accounts receivable is equal to the: A. Days' sales uncollected B. Average accounts receivable ratio C. Current ratio D. Profit margin E. Accounts receivable turnover ratio 24. Which one of the following would be classified as an extraordinary item? A. Expropriation of property by a foreign government B. Losses attributed to a labor strike C. Write-down of inventories D. Gains or losses from sales of equipment