Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Given that current assets are R 6 3 7 9 0 0 , current liabilities are R 4 7 5 4 0 0 , Inventory

Given that current assets are R637900, current liabilities are R475400, Inventory is R231200 and total assets is R 2000000. What is the quick ratio?
A.1.50:1
B.0.86:1
C.1.33:1
D.1.22:1

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

Discuss the importance of market share in the fast-food industry.

Answered: 1 week ago

Question

What is Working Capital ? Explain its types.

Answered: 1 week ago

Question

When insurance is fair, in a sense, it is also free.

Answered: 1 week ago