Calculate the Quick Ratio for this year
Homework Answers
The quick ratio for this year is computed as shown below:
= ( Total current assets - Inventory ) / (Accounts payable + taxes payable )
= ( $ 70,000 - $ 25,000 ) / ( $ 20,000 + $ 5,000 )
= 1.8
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Calculate the Quick Ratio for this
year
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