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Using the following year-end information for Blackstone, LLC, calculate the quick ratio: Cash $ 66,400 Short-term investments 12,400 Accounts receivable 48,500 Inventory 240,000 Prepaid expenses
Using the following year-end information for Blackstone, LLC, calculate the quick ratio: Cash $ 66,400 Short-term investments 12,400 Accounts receivable 48,500 Inventory 240,000 Prepaid expenses 20,200 Accounts payable 99,100 Salaries payable 27,400.
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Certainly based on the provided financial information for Blackstone LLC we can calculate the quick ratio Quick ratio assesses a companys ability to meet its shortterm obligations using its most liqui...
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Fundamental Managerial Accounting Concepts
Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Olds
8th edition
978-1259569197
