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21. The following information is reported on Rasta Inc's Balance Sheet. Cash $140,000 Stocks & bonds 40,000 A/R 60,000 Inventory 30,000 Prepaid Expenses 10,000 A/P
21. The following information is reported on Rasta Inc's Balance Sheet. Cash $140,000 Stocks & bonds 40,000 A/R 60,000 Inventory 30,000 Prepaid Expenses 10,000 A/P 130,000 Short term loans 10,000 What is the current ratio rounded to 1 decimal place? a. 1.5 b. 2.0 C. 2.5 1.7 22. Using the information in question 21, rounded to T decimal place, what is the quick ratio? a. 1.7 b. 2.7 C. 1.5 d. 2.0
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John E Freunds Mathematical Statistics With Applications
Authors: Irwin Miller, Marylees Miller
8th Edition
978-0321807090, 032180709X, 978-0134995373
