Question: 27. The quick ratio a. excludes accounts payable b. excludes accounts receivable c. includes inventory d. includes cash and cash equivalents 26. The efficient market

27. The quick ratio

a.

excludes accounts payable

b.

excludes accounts receivable

c.

includes inventory

d.

includes cash and cash equivalents

26. The efficient market hypothesis requires

1.

financial markets to be competitive

2.

prices to adjust rapidly

3.

prices of undervalued securities to fall

a.

1 and 2

b.

1 and 3

c.

2 and 3

d.

all of these choices

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