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Need help figuring out (cash+short-term investments+net current receivables) Comparative financial statement data of Regan Optical Mart follow EEE (Click on the icon to view the
Need help figuring out (cash+short-term investments+net current receivables) Comparative financial statement data of Regan Optical Mart follow EEE (Click on the icon to view the income statements) EEB Click on the icon to view the balance sheets ) Read the requirements Other information 1. Market price of 2. Common shares 3. All sales on credi 4. Cash dividends p Requirement 1. Calculate the ratios for 2018 and 2017. (Abbreviations used Avg average and os outstanding) a. Current ratio Select the formula and then enter the amounts to calculate the current ratio for 2018 and 2017 (Round the ratios to two decimal places, XXx) Current assets 556,000 521,000 Current iabilities Current ratico 1.77 1.72 2018 S 2017 $ b. Quick (acid-test) ratio Select the formula and then enter the amounts to calculate the quick (acid-test) ratio for 2018 and 2017 (Round the ratios to two decimal places, x XX.) 314,000 303,000 Cash Short-term investments Net current receivablesCurrent liabilities Quick (acid-test) ratio 1.69 1.58 249,000 2018 2017 ( S 314,000 303,000 216,000S
Need help figuring out (cash+short-term investments+net current receivables)
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