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A balance sheet included cash ($4,000,000), accounts receivable ($16,000,000), inventories ($10,000,000).prepaid expenses ($2,000,000), accounts payable ($9,000,000). and accrued expenses ($7,000,000). These are the only current
A balance sheet included cash ($4,000,000), accounts receivable ($16,000,000), inventories ($10,000,000).prepaid expenses ($2,000,000), accounts payable ($9,000,000). and accrued expenses ($7,000,000). These are the only current items. O two of these choices are correct. The quick ratio is 2:1. The current ratio is 1.875:1. The quick ratio is 1.25:1
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