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- The table below shows two liquidity ratios calculated for Dilva Ltd for the past two years: multicolumn(1)(|c|)( Ratio ) & multicolumn(1)(c|)(2022) & multicolumn(1)(c|)(2021) Current ratio & 1.6: 1 & 1.2: 1 Quick (acid) ratio & 1.3: 1 & 1.1: 1 Which of the following statements is an incorrect interpretation of these ratios: There is no ideal current ratio that fits all businesses, different types of businesses in different sectors may require different current ratios. For a more stringent test of liquidity, inventory is excluded from the quick ratio calculation. In 2022, for every £ 1 of current liabilities, the company has £ 1.6 liquid assets and £ 1.3 current assets. The business is in a better liquidity position in 2022 compared to the year before. The ratios indicate that the company has sufficient liquid assets to meet its short-term obligations.
- Which of the following is an example of one of a business's inputs: services employees products goods
- Question 3/18 A customer is shopping for a ring at a jewellery shop. An employee notices that he seems overwhelmed by the large selection. What should the employee do? Allow him to browse and only offer information if he asks Ask him how much he's looking to spend Ask him if he knows what ring style he's looking for Ask him who the ring is for and if it's for any particular occasion
- All information for an MIS comes from within the company. a. True b. False
- If you're considering doing something illegal to get ahead at work, which ethical principle could help you determine that you're facing an ethical dllemma? Trust Viability Accountability Rule of law