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Below you see selected information from the financial statement of Dicson Inc ., a retail furniture store. From the Balance Sheet Amount $ Cash $30,000
Below you see selected information from the financial statement of Dicson Inc., a retail furniture store.
From the Balance Sheet | Amount $ |
Cash | $30,000 |
Accounts Receivable | $150,000 |
Inventory | $150,000 |
Factory | $500,000 |
Current Liabilities | $150,000 |
Total StochholdersEquity | $300,000 |
Total Assets | $1,000,000 |
INSTRUCTION:(SHOW YOUR CALCULATIONS AND ROUND TO 2 DECIMAL PLACES)
Compute the following Ratio.
- CurrentRatio
- WorkingCapital
- QuickRatio
Commend your result for the Quick Ratio of Dicson Inc.
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