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Take Test: Non-Timed Test Ch. 1, 2, 14
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Description This is our first "non-timed test," which covers the material from chapters 1, 2, and 14. You will answer 40 questions for 40 possible points. The associated "timed-test" for this week is 30 minutes long, contains of 20 questions, and is worth also 40 points. Both tests must be completed between Friday, September 1, 12:00 AM CST, and Sunday, September 3, 11:59 PM CST.

Instructions Students have their unique set of questions for both the non-timed and the timed test. Questions can come from any/all of the the covered chapters: 1, 2, 14. You need to save your answer for every question, and when you have answered all questions, you need to submit all answers to complete the test. Upon submission of your answers you can review your results, and you will be able to see the questions, your selected answers, and the correct answer. This will provide you with immediate feedback on your performance. Not allowed. This Test can only be taken once.

Multiple Attempts Force This Test can be saved and resumed later. Completion qShow Question Completion Status:

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Question 1
1. Bubbles Soap Corporation has a quick ratio of 1.0 and a current ratio of 2.0 implying that Answer

the value of current assets is equal to the value of inventory. the value of current assets is equal to the value of current liabilities. the value of current liabilities is equal to the value of inventory. All of the above. None of the above.

1 points

Question 2
1. Which of the following current liabilities are considered when calculating net working capital? Answer

Use of short-term debt to finance fixed assets. Commercial paper issued to finance inventory.