Question
Selected financial data from Crew Company is provided below. Cash $61,000 Accounts Receivable $218,000 Inventory $256,000 Short-Term Investments $43,000 Land and Building $469,000 Current
Selected financial data from Crew Company is provided below. Cash $61,000 Accounts Receivable $218,000 Inventory $256,000 Short-Term Investments $43,000 Land and Building $469,000 Current Portion of Long-Term Debt $31,000 Accounts Payable $124,000 a) Calculate the quick ratio. Do not enter dollar signs or commas in the input boxes. Round your answer to 2 decimal places. Quick Ratio = x
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
12th Edition
978-0073526706, 9780073526706
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