Super Savers Department Store reported a quick ratio of 0.6. A review of its balance sheet revealed

Question:

Super Savers Department Store reported a quick ratio of 0.6. A review of its revealed the following information:
Quick assets ..... $120,000
Current assets .... 750,000
Noncurrent assets .... 450,000
Noncurrent liabilities .. 300,000
Determine the amount of current liabilities reported in the Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...