1) Another name for the acid test ratio is theA. current ratioB. quick ratioC. i

1) Another name for the acid test ratio is theA. current ratioB. quick ratioC. inventory turnover ratioD. average collection period2) The accounting rate of return on stockholders investments is measured byA. return on assetsB. return on equityC. operating income return on investmentD. realized rate of inflation3) If you are an investor which of the following would you prefer?A. Earnings on funds invested compound annuallyB. Earnings on funds invested compound dailyC. Earnings on funds invested would compound monthlyD. Earnings on funds invested would compound quarterly4) The primary purpose of a cash budget is toA. determine the level of investment in current and fixed assetsB. determine accounts payableC. provide a detailed plan of future cash flowsD. determine the estimated income tax for the year