Question
A firm's current ratio is 1.5, and its quick ratio is 1.0. If its current liabilities are $10,000, what are its inventories? (Hint: figure out
A firm's current ratio is 1.5, and its quick ratio is 1.0. If its current liabilities are $10,000, what are its inventories? (Hint: figure out the Current Assets amount first, then use the two ratios to determine the inventory portion of the Current Assets)
| A. | $5,000 | |
| B. | $10,000 | |
| C. | $15,000 | |
| D. | None of these |
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Public Finance A Contemporary Application Of Theory To Policy
Authors: David N. Hyman
5th Edition
0030113172, 978-0030113178
