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For Questions 19-20 - refer to the information below are selected data from the balance sheet of Compros, a small electronics store (dollar amounts are
For Questions 19-20 - refer to the information below are selected data from the balance sheet of Compros, a small electronics store (dollar amounts are in thousands): Cash $75 Accounts Receivable $135 Inventory $240 Total Assets $900 Current Liabilities $300 Noncurrent Liabilities $375
What is the quick ratio?
A) 1.5 to 1
B) .7 to 1
C) .45 to 1
D) .2 to 1
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