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Hi there. How do i calculate the quick ratio from these figures? My answer was 2,05 but im wrong and i dont know why Cash
Hi there. How do i calculate the quick ratio from these figures? My answer was 2,05 but im wrong and i dont know why Cash $12,500, Accounts Receivable $54,500, Inventory $96,000, Equipment $150,000, Buildings $250,000. Short-term Liabilities $70,400, Long-term Liabilities $210,000 ?
Also Im having problems calculating accounts receivable turnover in days.
Thanks
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