Question
PQR Corp. provides the following financial information as of December 31, 2023: Item Amount ($) Current Assets 250,000 Current Liabilities 150,000 Inventory 100,000 Required: Calculate
PQR Corp. provides the following financial information as of December 31, 2023:
Item | Amount ($) |
Current Assets | 250,000 |
Current Liabilities | 150,000 |
Inventory | 100,000 |
Required:
- Calculate the current ratio and quick ratio for PQR Corp.
- Analyze the liquidity position based on the ratios.
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Advanced Financial Accounting
Authors: Thomas H. Beechy, V. Umashanker Trivedi, Kenneth E. MacAulay
7th edition
132928930, 978-0132928939
