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What is the quick ratio if cash is $10,000, accounts receivable 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 receivable are
$25,000,
inventories are
$30,000,
accounts payable are
$40,000,
and accrued payroll is
$15,000?
The quick ratio is:(Select the best choice below.)
A.
0.55
B.
0.61
C.
0.640.64
D.
0.66
E.
0.68
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Entrepreneurial Finance
Authors: Gary E. Gibbons, Robert D. Hisrich, Carlos Marques DaSilva
1st Edition
