Question
The December 31 balance sheet of Miller Company includes the following information: Cash $ 140,000 Short-term Investments 30,000 Accounts Receivable 340,000 Inventory 360,000 Prepaid Expenses
The December 31 balance sheet of Miller Company includes the following information:
Cash $ 140,000
Short-term Investments 30,000
Accounts Receivable 340,000
Inventory 360,000
Prepaid Expenses 80,000
Current Liabilities 300,000
Total Liabilities 1,200,000
What is Singhs quick ratio at December 31?
The December 31 balance sheet of Miller Company includes the following information:
Cash $ 140,000
Short-term Investments 30,000
Accounts Receivable 340,000
Inventory 360,000
Prepaid Expenses 80,000
Current Liabilities 300,000
Total Liabilities 1,200,000
What is Singhs quick ratio at December 31?
1.73
1.70
3.17
1.56
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
Accounting Principles Volume 2
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
9th Canadian Edition
978-1119786634, 1119786630
