Question

Mayfield Corporation has provided the following financial data: Balance Sheet Assets Current assets: Cash 243,000 Accounts re

A) 1.85

B) 1.80

C) 2.54

D) 1.75

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Answer #1
Cash 243000
Add: Accounts Receivable, Net 256000
Total Quick Assets 499000
Total Quick Assets 499000
Divide by Total Current Liabilities 285000
Acid-test(quick) ratio 1.75
Option D 1.75 is correct
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A) 1.85 B) 1.80 C) 2.54 D) 1.75 Mayfield Corporation has provided the following financial data:...
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