JDLs quick ratio is (a) 1 0 to 1 (b) 0 7 to 1 (c) 1 5 to 1 (d) 2 4 to 1 JDL Corporation Selected Financial Data, December 31, 2024 Current assets $150,000 Current liabilities 100,000 Inventories 50,000 Accounts receivable 40,000 Net sales 900,000 Cost of goods sold 675,000...

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JDLs quick ratio is: (a) 1.0 to 1. (b) 0.7 to 1. (c) 1.5 to 1. (d)

Question:

JDL’s quick ratio is:

(a) 1.0 to 1.

(b) 0.7 to 1.

(c) 1.5 to 1.

(d) 2.4 to 1.

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Understanding Financial Statements

ISBN: 9780138114404

12th Edition

Authors: Lyn Fraser, Aileen Ormiston

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Question Posted: Apr 03, 2024 07:00 AM

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JDLs quick ratio is: (a) 1.0 to 1. (b) 0.7 to 1. (c) 1.5 to 1. (d)

Question:

JDL Corporation Selected Financial Data, December 31, 2024 Current assets $150,000 Current liabilities 100,000 Inventories 50,000 Accounts receivable 40,000 Net sales 900,000 Cost of goods sold 675,000

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Understanding Financial Statements

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