Question
A firm's long term assets = $75,000, total assets = $200,000, inventory = $25,000 and current liabilities = $50,000. a. Current ratio = 0.5; quick
A firm's long term assets = $75,000, total assets = $200,000, inventory = $25,000 and current liabilities = $50,000.
a. Current ratio = 0.5; quick ratio = 1.5
b. Current ratio = 1.0; quick ratio = 2.0
c. Current ratio = 1.5; quick ratio = 2.0
d. Current ratio = 2.5; quick ratio = 2.0
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Financial Management for Public, Health and Not-for-Profit Organizations
Authors: Steven A. Finkler, Daniel L. Smith, Thad D. Calabrese, Robert M. Purtell
5th edition
1506326846, 9781506326863, 1506326862, 978-1506326849
