Question
ABC reported $356,500 for Current Assets and $100,500 for Non-Current Assets. They also had $175,000 of Current Liabilities. ABC's Quick Assets totaled $222,000, and its
ABC reported $356,500 for Current Assets and $100,500 for Non-Current Assets. They also had $175,000 of Current Liabilities. ABC's Quick Assets totaled $222,000, and its Non-Current Liabilities totaled $105,000. Determine ABC's quick ratio. Select one: a. 2.04:1 b. 0.79:1 c. 1.27:1 d. 3.22:1
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IT Auditing Using A System Perspective Premier Reference Source
Authors: Robert Elliot Davis
1st Edition
1799855481, 978-1799855484
