Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 12, 2024

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?

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

Get Instant Access with AI-Powered 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

Students also viewed these Finance questions

Question

1. List several ways that researchers in psychology can present their research and the situations in which they might use them.

Answered: 1 week ago

Question

★★★★★

Prepare any necessary adjusting entries at December 31, 2015, for Melbourn Companys year-end financial statements for each of the following separate transactions and events. 1. Melbourn Company...

Answered: 1 week ago

Question

★★★★★

Ida Sidha Karya Company is a family-owned company located on the island of Bali in Indonesia. The company produces a handcrafted Balinese musical instrument called a gamelan that is similar to a...

Answered: 1 week ago

Question

★★★★★

the question 11 is which of the following items should be included in the clients physical inventory at year-end ItR 8f the tollowing items should be included in the client's physical inventory at...

Answered: 1 week ago

Question

★★★★★

Asmt Analysis 3. Students drop a tennis ball to see how position changes with time in free fall. They measure position with a meterstick and time with a timer. The data they collected is shown....

Answered: 1 week ago

Question

★★★★★

You have just been promoted to the top administrative position in your organization (or any other real organization of your choice). Analyze and describe the existing situation from an organizational...

Answered: 1 week ago

Question

★★★★★

Hunter is a new federal borough of investigation agent who is assigned to Las Vegas. He owns a midnight sedan insured by a personal auto policy. The FBI will not provide Hunter with a car so he will...

Answered: 1 week ago

Question

★★★★★

Research Paper Outline Introduction 1)Non-Compete Agreements- define what is a non compete agreement, history, and why they were created 2) When are these agreements enforceable i.e. definition and...

Answered: 1 week ago

Question

★★★★★

You are managing a medium size construction company suffering from employee absence , staff turnover and low productivity. You want to train you divisional managers to influence their teams to...

Answered: 1 week ago

Previous Question Next Question