Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 27, 2024

A firm has cash and equivalents of $20,000, accounts receivable of $30,000 and inventory of $25,000. If current liabilities equal $100,000. What is the firms

A firm has cash and equivalents of $20,000, accounts receivable of $30,000 and inventory of $25,000. If current liabilities equal $100,000. What is the firms quick ratio?

a. 0.750

b. 0.500

c. 2.000

d. 1.333

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

Recommended Textbook for

Introduction To Machine Learning In Quantitative Finance An Advanced Textbooks In Mathematics

Authors: Hao Ni, Xin Dong, Jinsong Zheng, Guangxi Yu

1st Edition

1786349361, 9781786349361

More Books

Students also viewed these Finance questions

Question

★★★★★

Describe how the following business transactions affect the three elements of the accounting equation. a. Invested cash in business. b. Received cash for services performed. c. Paid for utilities...

Answered: 1 week ago

Question

★★★★★

Suppose that over a range of prices, the price elasticity of demand varies from 15.0 to 2.5. Over another range of prices, the price elasticity of demand varies from 1.5 to 0.75. What can you say...

Answered: 1 week ago

Question

★★★★★

Consider a structure in which the minimal path sets are {1, 2, 3} and {3, 4, 5}. (a) What are the minimal cut sets?

Answered: 1 week ago

Question

★★★★★

Do you believe Deloitte & Touche should have approved Livents decision to record the $12.5 million naming rights payment as revenue during the third quarter of 1997? Defend your answer. What broad...

Answered: 1 week ago

Question

★★★★★

Triumph Company has total assets worth $6,413,228. Next year it expects a net income of $3,145,778 and will pay out 70 percent as dividends. If the firm wants to limit its external financing to $1...

Answered: 1 week ago

Question

★★★★★

1. Using the 4As framework in Figure 12.1, analyze the considerations that went into the development of the Gillette Guard razor for the Indian market? Figure 12.1 THE 4 As: The 4 As of addressing...

Answered: 1 week ago

Question

★★★★★

Pasadena Candle Inc. projected sales of 59,000 candles for January. The estimated January 1 inventory is 3,000 units, and the desired January 31 inventory is 6,000 units. Prepare a production budget...

Answered: 1 week ago

Question

★★★★★

Use Eq. (15.10) to prove that $J_{1}=L_{23}, J_{2}=L_{31}$, and $J_{3}=L_{12}$. Data from Eq. 15.10 1 Ji J = - Eijk Ljk K = Loi,

Answered: 1 week ago

Question

★★★★★

Draw a timeline diagram for the sliding window algorithm with SWS = RWS = 3 frames for the following two situations. Use a timeout interval of about 2 RTT. (a) Frame 4 is lost. (b) Frames 46 are...

Answered: 1 week ago

Question

★★★★★

(a) Draw an example internetwork where the BIDIR-PIM route from a sources router to a group members router is longer than the PIM-SM source-specific route. (b) Draw an example where they are the same.

Answered: 1 week ago

Question

★★★★★

By using the diagram of rolling moment coefficients, explain why an airplane is laterally stable if its rolling moment coefficient is positive when the sideslip angle $\beta$ is negative

Answered: 1 week ago

Question

★★★★★

By using the diagram of yawing moment coefficients, explain the feature of sweep-back wing on directional stability.

Answered: 1 week ago

Question

★★★★★

Be able to describe the characteristics of an effective human resources department

Answered: 1 week ago

Question

★★★★★

Understand how to advise department managers about adopting a proactive approach with human resources, suggesting how to approach human resources in a number of areas of concern

Answered: 1 week ago

Question

★★★★★

Know how to find a consultant

Answered: 1 week ago

Previous Question Next Question