Question
ABC Ltd wants to assess its liquidity using liquidity ratios. Calculate the following liquidity ratios based on the given information: Current Ratio Quick Ratio Cash
ABC Ltd wants to assess its liquidity using liquidity ratios. Calculate the following liquidity ratios based on the given information:
- Current Ratio
- Quick Ratio
- Cash Ratio
Given the following information:
- Current Assets: $200,000
- Current Liabilities: $100,000
- Cash: $50,000
- Accounts Receivable: $80,000
- Inventory: $70,000
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
10th edition
1260481956, 1260310175, 978-1260481952
