The Fairfield Company has total assets of $73,360, fixed assets of $40,800, a current ratio of 1.15 times, and long-term liabilities of $34,960. Current liabilities are 28,313.

Answer is B

My Question is:

The inventory for the Fairfield Company (see the question above), is $24,300? What is the quick ratio?

A. 0.29

B.045

C. 0.68

D. 0.78

The Barnum Company has total assets of $39,780, net working capital of $4,760, owners' equity of $17,000, and long-term liabilities of $11,900. What is the value of the current assets?

A. 2,800

B. 10,880

C. 15,640

D. 18,450

When industry ratios are presented in standard sources, which one of the following pairs shows a reference or benchmark against which to measure a company's performance?

A. the mean and the standard deviation

b. the median and the norma (interquartile) range

c. the mode and the normal distrubution

d. the return on equity percent and the current ratio