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QUESTION 20 Using the following financial statement data excerpts from KRJ Enterprises annual report, calculate the quick ratio (note that all current asset accounts are
QUESTION 20
Using the following financial statement data excerpts from KRJ Enterprises annual report, calculate the quick ratio (note that all current asset accounts are listed). Present your answer to two decimal places. e.g. 20.00.
| Cash & marketable securities | $218 |
| Accounts receivable | $486 |
| Inventory | $410 |
| Prepaid expenses | $161 |
| Fixed assets (net) | $1,002 |
| Intangible assets | $158 |
| Long-term investments | $328 |
| Total current liabilities | $662 |
| Long-term debt | $939 |
| Other long-term liabilities | $227 |
| Stockholders equity | $41 |
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