Question
A company has cash, $80,000; temporary investments, $20,000; net receivables, $60,000; and inventory, $450,000. Current liabilities are $200,000. The quick, or acid-test, ratio is a.0.54
A company has cash, $80,000; temporary investments, $20,000; net receivables, $60,000; and inventory, $450,000. Current liabilities are $200,000. The quick, or acid-test, ratio is
a.0.54 to 1.
b.2.25 to 1.
c.0.80 to 1.
d.3.05 to 1.
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Financial Accounting
Authors: Anne Britton, Chris Waterston
4th Edition
0273703609, 978-0273703600
