Quick ratio gmeiner co. had the following current assets and liabilities on december 31 of two recent years: current year previous year current assets: cash $ 486,000 $ 500,000 accounts receivable 210,000 200,000 inventory 375,000 350,000 total current assets $1,071,000 $1,050,000 current liabilities: current portion of long-term debt $ 145,000 $ 110,000 accounts payable 175,000 150,000 accrued and other current liabilities 260,000 240,000 total current liabilities $ 580,000 $ 500,000 a. determine the quick ratio for december 31 of both years. if required, round your answers to one decimal place.

Which of the following statements is true of unsought products? as compared to convenience products, unsought products are purchased more frequently. unsought products are consumer products and services that customers usually buy frequently, immediately, and with minimal comparison and buying effort. a life insurance policy is an example of an unsought product. unsought products have strong brand identification for which a significant group of buyers is willing to make a special purchase effort. unsought products are those products purchased for further processing or for use in conducting a business.