Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Quick Corporation has current liabilities of $7,200, inventory of $2,900, and net working capital of $3,000. What is its quick ratio? 0.9048 0.9375 0.9630 0.9833
Quick Corporation has current liabilities of $7,200, inventory of $2,900, and net working capital of $3,000. What is its quick ratio?
0.9048 | ||
0.9375 | ||
0.9630 | ||
0.9833 | ||
1.0000 | ||
1.0139 | ||
1.0256 | ||
1.0357 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started