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Based on the following, the company has a quick ratio of 2.15 ($75,000 + $160.000 + $55,000+ $140,000) / ($175,000 + $25,000). Cash $75,000 160,000
Based on the following, the company has a quick ratio of 2.15 ($75,000 + $160.000 + $55,000+ $140,000) / ($175,000 + $25,000). Cash $75,000 160,000 Marketable securities Accounts receivable Inventory Accounts payable Taxes payable 55,000 140,000 175 000 25,000 This answer is correct The correct answer is 1.54 |(575,000 + $55,000+ $140,000) / $175,000) The correct answer is 1.35 ($75.000 + $55,000+ $140,000) / $200,000) The correct answer is 1.45 (575,000+ $160.000+ $55.000) / $200,000)
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