Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Consider the following information: Total current assets $62,301 Deferred income taxes $1,345 Inventories $5,664 Prepaid expenses $2,034 Other assets $2,906 Total current liabilities $29,748 What
Consider the following information:
Total current assets | $62,301 |
Deferred income taxes | $1,345 |
Inventories | $5,664 |
Prepaid expenses | $2,034 |
Other assets | $2,906 |
Total current liabilities | $29,748 |
What is the quick ratio?
-
1.82
-
1.90
-
2.09
-
2.02
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started