SDJ, Inc., has net working capital of $1,910, current liabilities of $5,610, and inventory of $1,265....
| SDJ, Inc., has net working capital of $1,910, current liabilities of $5,610, and inventory of $1,265. |
| Requirement 1: |
| What is the current ratio? (Round your answer to 2 decimal places (e.g., 3.16).) |
| Current ratio | times |
| Requirement 2: |
| What is the quick ratio? (Round your answer to 2 decimal places (e.g., 3.16).) |
| Quick ratio | times |
Homework Answers
net working capital=current assets-current liabilities
current assets=(1910+5610)=7520
a.Current ratio=current assets/current liabilities
=7520/5610
=1.34(Approx).
b.Quick ratio=(current assets-inventory)/current liabilities
=(7520-1265)/5610
=1.11(Approx).
Add Answer to:
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please help me with the excel formula for the quick ratio. SDJ, Inc., has net working...
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