Compute working capital and quick ratio. (LO 5) Use the given information to calculate the amount of

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Compute working capital and quick ratio. (LO 5)

Use the given information to calculate the amount of working capital and the quick ratio at December 31.

Balances from December 31 balance sheet:

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Do you think the firm's quick ratio is high enough? Why or why not?

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Financial Accounting

ISBN: 9780131492011

1st Edition

Authors: Jane L. Reimers

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Question Posted: Jun 04, 2024 02:21 AM

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Compute working capital and quick ratio. (LO 5) Use the given information to calculate the amount of

Question:

Cash $2,500 Accounts receivable 1,500 Short-term investments 4,000 Inventory 3,350 Prepaid rent 750 Current liabilities 9,000

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Financial Accounting

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