Question
Chromel Company has $36,000 in cash, $12,000 in marketable securities, $40,000 in accounts receivables, $25,000 in inventories, and $80,000 in current liabilities. The company's quick
Chromel Company has $36,000 in cash, $12,000 in marketable securities, $40,000 in accounts receivables, $25,000 in inventories, and $80,000 in current liabilities. The company's quick ratio is closest to:
a.2.45.
b.3.12.
c.0.25.
d.1.10.
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Food And Beverage Cost Control
Authors: Lea R. Dopson, David K. Hayes
5th Edition
0470251395, 978-0470251393
