KLM Corporation's quick assets are $6,095,000, its current assets are $13,245,000 and its current liabilities are...

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Question

KLM Corporation's quick assets are $6,095,000, its current assets are $13,245,000 and its current liabilities are...

KLM Corporation's quick assets are $6,095,000, its current assets are $13,245,000 and its current liabilities are $8,127,000. Its acid-test ratio equals:

business accounting

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Answer 1

Answer #1

acid-test ratio=quick assets/current liabilities

=6,095,000/8,127,000

which is equal to

=0.75(Approx).

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Answer 2

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KLM Corporation's quick assets are $6,095,000, its current assets are $13,245,000 and its current liabilities are...

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KLM Corporation's quick assets are $6,095,000, its current assets are $13,245,000 and its current liabilities are...

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Add Answer to: KLM Corporation's quick assets are $6,095,000, its current assets are $13,245,000 and its current liabilities are...

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KLM Corporation's quick assets are $6,095,000, its current assets are $13,245,000 and its current liabilities are...