QUESTIONS 45 THROUGH 68 RELATE TO FINANCIAL STATEMENT ANALYSIS

53. - MOCK AND SAMPLE EXAMS CFA CFA LEVEL I MOCK EXAM AFTERNOON 2013 53. - MOCK AND SAMPLE EXAMS CFA CFA LEVEL I MOCK EXAM AFTERNOON 2013
MOCK AND SAMPLE EXAMS CFA CFA LEVEL I MOCK EXAM AFTERNOON 2013
53. The following selected balance sheet and ratio data are available for a company: Metric 2012 2011 Cash and cash equivalents 98.0 Marketable securities 389.2 Accounts receivables 12.0 Other current assets 120.1 Total current assets 619.3 Deferred revenues 85.0 Other current liabilities 92.3 Total current liabilities 177.3 Cash ratio 2.37 Quick ratio 2.97 Current ratio 3.27 Which of the following ratios decreased between 2011 and 2012? A. Cash B. Quick C. Current