Question
A firm's current ratio is 3.0 and its quick ratio is 2. If its current liabilities are $12,500, what are its inventories? (HINT: (1) By
A firm's current ratio is 3.0 and its quick ratio is 2. If its current liabilities are $12,500, what are its inventories? (HINT: (1) By Current Ratio formula, you can get the value of Current Assets. (2) By Quick Ratio formula, you can then get the value of inventories.)
|
| $37,500 |
|
| $25,000 |
|
| $16,250 |
|
| $12,500 |
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The Economics Of Money Banking And Financial Markets
Authors: Frederic S. Mishkin
9th Edition
0321598903, 978-0321598905
