A COMPANY'S BALANCE SHEET SHOWS THE FOLLOWING VALUES (€)

63. - MOCK AND SAMPLE EXAMS CFA LEVEL I MOCK EXAM MORNING VERSIONB QUESTIONS 2014
MOCK AND SAMPLE EXAMS CFA LEVEL I MOCK EXAM MORNING VERSIONB QUESTIONS 2014

63.

A company's balance sheet shows the following values (€): Cash 12,000Marketable securities 3,000Accounts receivable 16,500Inventory 8,745Prepaid expenses 2,305Current liabilities 32,580The company’s cash ratio is closest to: A. 0.46. B. 0.97. C. 0.37.