Question
WHAT IS THE QUICK RATIO IF CASH IS $9,000, ACCOUNTS RECEIVABLE ARE $24,000, INVENTORIES ARE $33,000, ACCOUNTS PAYABLE ARE $43,000, AND ACCRUED PAYROLL IS $18,000?
WHAT IS THE QUICK RATIO IF CASH IS $9,000, ACCOUNTS RECEIVABLE ARE $24,000, INVENTORIES ARE $33,000, ACCOUNTS PAYABLE ARE $43,000, AND ACCRUED PAYROLL IS $18,000?
THE QUICK RATIO IS
A. 0.62
B. 0.63
C. 0.54
D. 0.57
E. 0.58
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Health Care Finance Basic Tools For Nonfinancial Managers
Authors: Judith J. Baker, R.W. Baker
4th Edition
1284029867, 978-1284029864
