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. Which of the companies should be concerned about its liquidity?

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Financial Accounting

ISBN: 978-0132889711

1st Canadian Edition

Authors: Jeffrey Waybright, Liang Hsuan Chen, Rhonda Pyper

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Question Posted: Jul 08, 2015 02:34 AM

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

Question:

. $92,000 64,000 $23,000 $107,000 53,000 Net Receivables... 125,000 110,000 52,000 140,000 205,000 101,000 60,000 350,000 Cash. 28,000 15,000

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1 A B C D Cash 92000 64000 23000 107000 Shortterm Investments 70000 28000 15...View the full answer

Financial Accounting

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