Question
Young Company has the following assets and liabilities: Cash Assets Accounts receivable Inventory Equipment $35,000 15,000 30,000 50,000 Liabilities Current portion of long-term debt $10,000
Young Company has the following assets and liabilities: Cash Assets Accounts receivable Inventory Equipment $35,000 15,000 30,000 50,000 Liabilities Current portion of long-term debt $10,000 Accounts payable 2,000 Long-term debt 25,000 Determine the quick ratio (rounded to one decimal point). a. 6.7 b. 13.0 c. 3.5 d. 4.2
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Principles Of Fraud Examination
Authors: Joseph T Wells
2nd Edition
0470128836, 9780470128831
