Solution: 1 | ||
Calculation of Quick Ratio | ||
Formula | ||
Quick Ratio = Quick Assets / Current Liabilities | ||
Current Year | ||
Quick Ratio = | ||
Quick Assets | $11,440 | |
Divide By | "/"By | |
Current Liabilities = | $13,000 | |
Quick Ratio = | 0.88 | |
Quick Ratio = | 0.88 | |
Answer = Quick Ratio = Option 3 = 0.88 | ||
A company's current assets are $20,350, its quick assets are $11.440 and its current liabilities are...
Saved A company's current assets are $29.420, its quick assets are $16,290 and its current liabilities are $12,820. Its acid-test ratio equals κατοιων ειναι τοσο πολυ Multiple Choice Ο Ο 229. Ο Ο Ο Ο
Hel KLM Corporation's quick assets are $5,983,000, its current assets are $12,465,000 and its current liabilities are $8,059,000. Its acid-test ratio equals: Multiple Choice 0.74 0.65 0.48 135 2.29 < Prey 2 of 3 Neng >
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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 $8,127,000. Its acid-test ratio equals:
Gaia Vallante Gaia Vallante Assets Liabilities & Equity Current assets: Current liabilities: Cash 4,592 Accounts receivable 2,952 1,080 3,168 7,200 1,680 4,928 11,200 Accounts payable Accruals Notes payable Total current liabilities Inventories 0 1,012. 5 5,737.5 6,750 8,250 15,000 0 0 5,400 5,400 6,600 12,000 Total current assets Net fixed assets: Long-term bonds Total debt Net plant and equipment 8,800 8,800 Common equity Common stock 2,600 1,400 Retained earnings 3,250 1,750 5,000 20,000 Total common equity 4,000 16000 Total assets...
Current and Quick Ratios Ace Industries has current assets equal to $5 million. The company's current ratio is 2.0, and its quick ratio is 1.5. 1- What is the firm's level of current liabilities? Enter your answer in dollars. For example, an answer of $1.2 million should be entered as 1,200,000 2-What is the firm's level of inventories? Enter your answer in dollars. For example, an answer of $1.2 million should be entered as 1,200,000