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Homework Answers
Correct answer------------(c) 2.43
Working
| A | Cash | $35,000.00 |
| B | Accounts receivable | $77,000.00 |
| D = A+B | Total Quick Assets | $112,000.00 |
| E | Total Current Liabilities (30000+6000+10000) | $46,000.00 |
| F = D/E | Quick Ratio | 2.43 |
.
| Quick ratio = (Cash + Cash Equivalent + Short Term Investments + Current receivables) / Current Liabilities |
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please help fill out this sheet
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Could you solve clearly? Thanks a lot!!
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please help fill out this sheet
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