Answer:
<u>Quick Ratio = 0.19. A quick ratio of 0.19 means that this company might not be able to fully pay off its current liabilities in the short term.</u>
Step-by-step explanation:
1. For solving this question, we need to use the Quick ratio formula, this way:
Quick Ratio = (Current Assets - Inventory - Prepaid Expenses) / Current Liabilities
2. Let's replace the formula with the real values:
Quick Ratio = (477.50 - 275 - 0)/ 1,075 (Prepaid Expenses = 0)
Quick Ratio = 202.50 / 1,075
Quick Ratio = 0.1884
<u>Quick Ratio = 0.19 (Rounding to two decimal places)</u>
3. Interpretation
A quick ratio below 1 means that the company might not be able to fully pay off its current liabilities in the short term, in this case it's 0.19 for this company. A quick ratio of 1 is considered to be the normal, as it indicates that the company is able to pay off its current liabilities with exactly enough assets to be immediately liquidated.
In general, a maximum of 25% to 30% of one's gross income can be spent on rent. So, according to this lets find out the values.
Given is,
The gross annual salary of Kathleen = $56820
So, her monthly income becomes = 
So, its 25% is = 
= 1183.75
And 30% becomes = 
= 1420.50
If we take an average of both, as the value will lie between these two figures we get, (1183.75+1420.50)/2 = $1302.12
Hence, this value lies close to $1326. So, the answer will be option B - $1326
The answer would have to be A because if it's ROUNDED to the nearest ounce then 2 is closer to 0 so it would be A
There are 2 zeros in the product.
6*5=30
30*10=300
2 zeros
X <0 means x would be negative.
For x/y, a negative divided by a positive would give a negative answer.
A negative multiplied by a positive would result in a negative.
The answer would be B. Negative
