Answered step by step
Verified Expert Solution
Question
1 Approved Answer
What is the quick ratio if cash is $10,000, accounts receivables are $25,000, inventories are $30,000, accounts payable are $40,000, and accrued payroll is $15,000?
What is the quick ratio if cash is $10,000, accounts receivables are $25,000, inventories are $30,000, accounts payable are $40,000, and accrued payroll is $15,000?
A) 0.64
B) 0.73
C) 1.18
D) 1.13
E) 2.00
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