Question
A firm has net working capital of $3,000,000 with $4,500,000 of current assets. Its current assets include $600,000 of inventory and $150,000 of accounts receivable.
A firm has net working capital of $3,000,000 with $4,500,000 of current assets.
Its current assets include $600,000 of inventory and $150,000 of accounts receivable.
What is the company's quick ratio?
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The quick ratio is a measure of a companys ability to pay its current liabilities using only quick a...
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Financial Accounting A User Perspective
Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry
6th Canadian Edition
470676604, 978-0470676608
