Question
I posted a question on coursehero to solve for quick ratio. The answer provided by tutor wasn't correct. I lost money. It wasn't even a
I posted a question on coursehero to solve for quick ratio. The answer provided by tutor wasn't correct. I lost money. It wasn't even a multiple choice option. Attached is the question, and balance statement. Here is the answer they gave:
Quick ratio=Current assets/current liabilities
current assets=44199
Current liabilities=accounts payable+current debt
6382+18303=24685
Quick ratio=44199/24685=1.791
Here is the question, balance statement and income statement:
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Introduction To Finance Markets, Investments, And Financial Management
Authors: Ronald W. Melicher, Edgar A. Norton
17th Edition
1119561175, 978-1119561170
