Question
Jones and Jones, Inc.'s working capital accounts and balances are as follows: Cash = $65; Accounts receivable = $145; Inventories = $200; Accrued wages payable
Jones and Jones, Inc.'s working capital accounts and balances are as follows: Cash = $65; Accounts receivable = $145; Inventories = $200; Accrued wages payable = $20; and Accounts payable = $180.The firm's quick ratio is:
A.2.27x
B.1.16x
C.1.05x
D.2.05x
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College Accounting
Authors: Heintz and Parry
20th Edition
1285892070, 538489669, 9781111790301, 978-1285892078, 9780538489669, 1111790302, 978-0538745192
