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Souvenirs Pty Ltd has a current ratio of 3:1 and current liabilities of $15,000. If Souvenirs Ltd has $10,000 of inventory, what is the quick
Souvenirs Pty Ltd has a current ratio of 3:1 and current liabilities of $15,000. If Souvenirs Ltd has $10,000 of inventory, what is the quick ratio?
a) 2.25 to 1
b) 2.00 to 1
c) 2.33 to 1
d) 1.50 to 1
I'm not sure how to work out the answer. I also do not know the answer.
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