Question
Using the following year-end information for Blackstone, LLC, calculate the quick ratio: Cash $ 41,360 Short-term investments 9,400 Accounts receivable 41,000 Inventory 242,000 Prepaid expenses
Using the following year-end information for Blackstone, LLC, calculate the quick ratio:
Cash $ 41,360 Short-term investments 9,400
Accounts receivable 41,000 Inventory
242,000 Prepaid expenses 16,240 Accounts payable 88,600 Salaries payable 22,900
Multiple Choice
1.08
0.82
3.14
4.14
0.94
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
Information Systems Control And Audit
Authors: Ron Weber
1st Edition
0139478701, 978-0139478703
