Cr Dr Dr $321 $425 88 Account Cash Cash equivalents Current notes receivable Accounts receivable Prepaid expenses Inventory 603 307 55 714 920 898 755 Fixed assets Accumulated depreciation Fixed assets $225 198 149 Accounts payable Current accrued liabilities Mortgage payable Capital Total $415 260 213 917 952 $2,757 824 1,215 $2,611 $2,757 $2,611 a Calculate the quick ratio for each company Round your answers to two decimal places Davis Co Quick ratio Bender Inc Quick ratio b Which one is more able to meet current liabilities would be more liquid

Question

Cr  Dr  Dr  $321 $425 88 Account Cash Cash equivalents Current notes receivable Accounts receivable Prepaid expenses Inventory 603 307 55 714 920 898 755 Fixed assets Accumulated depreciation Fixed assets $225 198 149 Accounts payable Current accrued liabilities Mortgage payable Capital Total $415 260 213 917 952 $2,757 824 1,215 $2,611 $2,757 $2,611 a  Calculate the quick ratio for each company  Round your answers to two decimal places  Davis Co  Quick ratio  Bender Inc  Quick ratio  b  Which one is more able to meet current liabilities  would be more liquid

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Question

Cr. Dr. Dr. $321 $425 88 Account Cash Cash equivalents Current notes receivable Accounts receivable Prepaid expenses Inventory 603 307 55 714 920 898 755

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