1. Jones Corp. reported current assets of $183,000 and current liabilities of $126,000 on its most recent balance sheet. The current assets consisted of $64,000 Cash; $46,000 Accounts Receivable; and $73,000 of Inventory. The acid-test (quick) ratio is:
a) 0.87:1.
b) 1.4:1.
c) 1:1.
d) 0.60:1.
e) 0.58:1.
2. A corporation reported cash of $28,000 and total assets of $466,000 on its balance sheet. Its common-size percent for cash equals:
16.64%.
6.01%.
100.00%.
60.10%.
1664%.