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Current assets Cash 870,000 Acc receivable not given Inventorieg 1,050,000 Fixed assets 3,220,000 TOTAL ASSETS 6,200,000 Current liabilities Acc payable not given Long-term debt 1,
Current assets Cash 870,000 Acc receivable not given Inventorieg 1,050,000 Fixed assets 3,220,000 TOTAL ASSETS 6,200,000 Current liabilities Acc payable not given Long-term debt 1, 900,000 Common stock 680,000 Retained earnings 3,190,000 TOTAL LIAB and EQUITY 6,200,000 Income Statement Sales 18,600,000 Operating expense 14,320,000 EBIT 4,280,000 Interest expense 266,000 EBT 4,014,000 Taxes 1, 606,000 Me ancome 2, 409,000 What she quics : Interest expenge 266,000 EBT 4,014, 000 Taxes 1, 606,000 Net income 2,408,000 What is the firm's quick ratio? 6.93 4.49 4.45 0 0.83 1.28
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