Consider the following data: Requirements 1. Calculate the quick assets and the quick ratio for each company.

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Consider the following data:

Requirements
1. Calculate the quick assets and the quick ratio for each company.
2. Calculate the current ratio for each company.
3. Which of the companies should be concerned about itsliquidity?

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Financial Accounting

ISBN: 978-0133052152

2nd edition

Authors: Robert Kemp, Jeffrey Waybright

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Question Posted: Apr 29, 2014 02:51 AM

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Consider the following data: Requirements 1. Calculate the quick assets and the quick ratio for each company.

Question:

COMPANY Cash Short-term Investments...55,000 Net Receivable.. 24,000 150,000 121,000 Total current assets...315,000 218,000 175,000 100,000 $75,000 65,000 $30,000 $110,000 36,000 160,000 325,000 360,000 18,000 37,000 91,000 50,000 Current Liabilities..

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Req 1 A B C D Cash 75000 65000 30000 110000 Shortterm ...View the full answer

Financial Accounting

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