Question
Following data is extracted from balance sheet of ABC for the latest period: Cash and cash equivalents 21,120 Short-term investments 20,481 Receivables
Following data is extracted from balance sheet of ABC for the latest period:
• Cash and cash equivalents 21,120
• Short-term investments 20,481
• Receivables 16,849
• Inventories 2,349
• Deferred income taxes 5,546
• Other current assets 23,033
• Total current assets 89,378
• Total current liabilities 80,610
•
Calculate quick ratio, cash ratio, and current ratio for ABC company
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Step: 1
Current assets 89378 Current LIABILITIES 80610 Inventory 2349 Quick ratio Curre...
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Accounting
Authors: Carl s. warren, James m. reeve, Philip e. fess
21st Edition
978-0324400205, 324225016, 324188005, 324400209, 9780324225013, 978-0324188004
