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The following balance sheet information is provided for Greene Company for Year 2: $4,200 10,350 14,100 900 18,800 12,700 $61,050 Assets Cash Accounts receivable Inventory
The following balance sheet information is provided for Greene Company for Year 2: $4,200 10,350 14,100 900 18,800 12,700 $61,050 Assets Cash Accounts receivable Inventory Prepaid expenses Plant and equipment, net of depreciation Land Total assets Liabilities and Stockholders' Equity Accounts payable Salaries payable Bonds payable (Due in ten years) Common stock, no par Retained earnings Total liabilities and stockholders' equity $2,370 8,930 8,500 20,000 21,250 $61,050 What is the company's quick (acid-test) ratio? (Round your answer to 2 decimal places.) Multiple Choice O 2.62 O 0.73 O 1.29 1.45
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