Question
The fiscal year-end balance sheet for Specialists Inc. reports the following data (in millions). What is the company's quick ratio? Cash and cash equivalents $352
The fiscal year-end balance sheet for Specialists Inc. reports the following data (in millions). What is the company's quick ratio? Cash and cash equivalents $352 Marketable securities $380 Accounts receivable $242 Merchandise inventories $518 Current assets $1,979 Current liabilities $1,341
| 0.73 | ||
| 1.48 | ||
| 0.68 | ||
| 1.38 | ||
| None of these are correct. |
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Financial Management Principles and Applications
Authors: Sheridan Titman, Arthur Keown, John Martin
12th edition
133423824, 978-0133423822
