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The balance sheet and income statement shown below are for Koski Inc. note that the firm has no amortization changes. It does not lease any
The balance sheet and income statement shown below are for Koski Inc. note that the firm has no amortization changes. It does not lease any assets. None of its debt must've been retired during the next five years, and the note payable will be rolled over balance sheet in millions of dollars assets, 2021 cash insecurities $4500 account receivable $12,500 inventories $13,000 total current assets $30,000 income statement in millions of dollars for 2021 net sales $55,000 operating cost except depreciation $51,150 depreciation $1100 earnings before interest and taxes $2750 less interest $900 earnings before taxes $1850 taxes $463 net income $1388 other data shares outstanding in millions 500 common dividends in millions of dollars $485.63 int. rate on notes payable and LT bonds 6% federal plus state income tax rate 25% year and stock price $33.30. What is the firms quick ratio?
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