Question
JC Company has the following balances as of 12/31/2022: Cash 5,000 A/R 15,000 Inventory 8,500 Equipment 25,000 Accounts Payable 18,000 Common Stock 35,500 Sales 50,000
JC Company has the following balances as of 12/31/2022:
Cash 5,000
A/R 15,000
Inventory 8,500
Equipment 25,000
Accounts Payable 18,000
Common Stock 35,500
Sales 50,000
Calculate the quick (acid-test) ratio.
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes
4th Edition
0256147175, 978-0256147179
