Quebec Electronics has the following data available: Current Assets: 2019
Quebec Electronics has the following data available:
Current Assets: 2019 20 18
Cash $158 $ 57
Accounts Receivable 88 61
Accrued Interest Receivable 15 15
Inventory 25 60
Prepaid Rent 10 --
Total Current Assets $296 $193
Current Liabilities:
Accounts Payable $ 90 $ 63
Accrued Wages Payable 35 8
Accrued Income Taxes Payable 18 15
Accrued Interest Payable 9 9
Unearned Sales Revenue -- 5
Current Portion
of Long-Term Notes Payable 80 --
Total Current Liabilities $224 $104
Long-Term Liabilities:
Notes Payable 40 120
Total Liabilities $272 $220
What is the quick ratio for Quebec Electronics in 2019? Has the quick ratio improved or not improved since 2018?
Homework Answers
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Quebec Electronics has the following data available:
Current Assets:
2019
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