You are given the following financial data for Company Z: Cash = $6,000; inventories = $1,000; accounts receivable = $700; other current assets = $500;
You are given the following financial data for Company Z: Cash = $6,000; inventories = $1,000; accounts receivable = $700; other current assets = $500; long-term assets = $1,000; accounts payable = $800; other current liabilities = $4000; net income = $1,200; total revenue = $8,000; EBIT = $3,000 and interest expenses = $600. Calculate the quick ratio using the formula (total current assets - inventory)/total current liabilities.
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Authors: Bola Sokunbi
1st Edition
1119696739, 978-1119696735
