Balance Sheet Current assets Cash 1,100,000 Acc receivable not given Inventories 1,390,000 Fixed assets 4,160,000 TOTAL ASSETS

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Balance Sheet

Current assets

Cash 1,100,000

Acc receivable not given

Inventories 1,390,000

Fixed assets 4,160,000

TOTAL ASSETS 7,300,000

Current liabilities

Acc payable not given

Long-term debt 2,200,000

Common stock 800,000

Retained earnings 3,100,000

TOTAL LIAB and EQUITY 7,300,000

Income Statement

Sales 14,600,000

Operating expense 12,410,000

EBIT 2,190,000

Interest expense 242,000

EBT 1,948,000

Taxes 779,000

Net income 1,169,000

What is the firm's quick ratio?

A.0.92

B.2.62

C.2.08

D.0.51

E.1.46

Posted Date: Jul 11, 2024 06:14 AM

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Balance Sheet Current assets Cash 1,100,000 Acc receivable not given Inventories 1,390,000 Fixed assets 4,160,000 TOTAL ASSETS

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