Blackboard Remaining Time: 56 minutes, 07 seconds. Question Completion Status: QUESTION 1 A company that reports a high current ratio but a low quick ratio probably has a. Low merchandise inventories b. Very few intangible assets c. High merchandise inventories d. Both A and B are correct QUESTION 2 A company has the following data: Total Assets $1,200,000 Noncurrent Assets $1,000,000 Total Liabilities $800,000 Noncurrent Liabilities $600,000 What percentage of the company's assets are financed with debt? a. 2 b. 2/3 0.2/5 d. This cannot be determined from the available data. QUESTION 3 Click Save and Submit to save and submit. Click Save All Answers to save all answers