Answered step by step
Verified Expert Solution
Question
1 Approved Answer
5 Not yet answered Marked out of 1.00 -Flag question Total Current Asset is $85,000, Current Liability $30,000, inventory is $22,000, and prepaid expenses 3,000,
5 Not yet answered Marked out of 1.00 -Flag question Total Current Asset is $85,000, Current Liability $30,000, inventory is $22,000, and prepaid expenses 3,000, which of the following is correct? a. Quick Asset is 101,000 and Liquid ratio is 3.36:1 b. Quick Asset is 98,000 and Liquid ratio is 2.83:1 d. Quick Asset is 60,000 and Liquid ratio is 1:2. Quick Asset is 60,000 and Liquid ratio is 2:1
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Becoming An Unstoppable Woman In Finance 29 Strategic Financial Experts
Authors: Hanna Olivas, Adriana Luna Carlos, Heather Stokes, Lisa Chastain, Jennifer Lara, Shannon Lavenia, Althia Lopez, Heather Jackson, Annette Morris, Rebecca Chandler
1st Edition
979-8986936703
