NARRBEGIN: Figure 3-1
Figure 3-1
Maria and John Sanchez have just completed their third annual set of financial statements.They met in a personal finance class while in college and still remember their instructor's advice regarding the importance of knowing their financial condition and progress.Even before they got married,they decided that each year on February 2 (Groundhog Day)they would update their cash-flow statement and their balance sheet.

The following information is taken from their latest financial statements:

-Refer to Figure 3-1.According to the liquidity ratio,how long could Maria and John continue to meet their expenses after a total loss of income?
A) Less than 1 month
B) Slightly more than 1 month
C) Nearly 5 months
D) Over 12 months

Question

NARRBEGIN: Figure 3-1
Figure 3-1
Maria and John Sanchez have just completed their third annual set of financial statements.They met in a personal finance class while in college and still remember their instructor's advice regarding the importance of knowing their financial condition and progress.Even before they got married,they decided that each year on February 2 (Groundhog Day)they would update their cash-flow statement and their balance sheet.
​
The following information is taken from their latest financial statements:
​​ 
-Refer to Figure 3-1.According to the liquidity ratio,how long could Maria and John continue to meet their expenses after a total loss of income?​
A) ​Less than 1 month 
B) ​Slightly more than 1 month 
C) ​Nearly 5 months 
D) ​Over 12 months

Quizplus · Accepted Answer

The Answer of NARRBEGIN: Figure 3-1
Figure 3-1
Maria and John Sanchez have just completed their third annual set of financial statements.They met in a personal finance class while in college and still remember their instructor's advice regarding the importance of knowing their financial condition and progress.Even before they got married,they decided that each year on February 2 (Groundhog Day)they would update their cash-flow statement and their balance sheet.
​
The following information is taken from their latest financial statements:
​​ 
-Refer to Figure 3-1.According to the liquidity ratio,how long could Maria and John continue to meet their expenses after a total loss of income?​
A) ​Less than 1 month 
B) ​Slightly more than 1 month 
C) ​Nearly 5 months 
D) ​Over 12 months

NARRBEGIN: Figure 3-1 Figure 3-1