Question
Given the following information, compute the quick ratio. Salary Payable $ 8,000 Short-term investments $ 10,000 Inventory $100,000 Equipment $ 96,000 Accounts Receivable $ 46,000
Given the following information, compute the quick ratio. Salary Payable $ 8,000 Short-term investments $ 10,000 Inventory $100,000 Equipment $ 96,000 Accounts Receivable $ 46,000 Cash $ 14,000 Supplies $ 8,000 Accounts Payable $ 62,000
A. 1.00 B. 2.43 C. 1.11 D. 2.54
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Survey of Accounting
Authors: Thomas P. Edmonds, Frances M. McNair, Philip R. Olds, Bor Yi
3rd Edition
978-1259683794, 77490835, 1259683796, 9780077490836, 978-0078110856
