Quick ratio (Learning Objective 7) 5–10 min.

Calculate the quick assets and the quick ratio for each of the following companies:

Cash...................................................................................................

Short-term Investments.....................................................................

Net Receivables..................................................................................

Current Liabilities...............................................................................

$15,000 6,000 41,000 40,000 Rhodes

$ 23,000 13,000 51,000 108,750 Peters AppendixLO1