Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What is the quick ratio if cash is $9,000, accounts receivable are $22,000, inventories are $33,000, accounts payable are 543,000, and accrued payroll is $14,000?

image text in transcribed

What is the quick ratio if cash is $9,000, accounts receivable are $22,000, inventories are $33,000, accounts payable are 543,000, and accrued payroll is $14,000? The quick ratio is: (Select the best choice below.) O A. 0.51 OB. 0.54 OC. 0.56 OD. 0.5 O E. 0.49

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Social Finance Shadow Banking During The Global Financial Crisis

Authors: Neil Shenai

1st Edition

3030082318, 978-3030082314

More Books

Students also viewed these Finance questions

Question

5. Describe the relationship between history and identity.

Answered: 1 week ago