Dartmouth Company has a quick ratio of 2.5 to 1. It has current liabilities of $40,000 and
Fantastic news! We've Found the answer you've been seeking!
Question:
Dartmouth Company has a quick ratio of 2.5 to 1. It has current liabilities of $40,000 and noncurrent assets of $70,000. If Dartmouth's current ratio is 3.1 to 1, its inventory and prepaid expenses must be:
a.$12,400.
b.$30,000.
c.$40,000.
d.$24,000.
Posted Date: