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The Following Data Were Shown in the Records of Victoria

Question 103

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The following data were shown in the records of Victoria Company at the end of 2019:
The following data were shown in the records of Victoria Company at the end of 2019:    Calculate each of the following ratios.Round your answers to one decimal place. A.Quick ratio B.Current ratio C.Receivable turnover ratio D.Inventory turnover ratio E.Average days to collect receivables F.Average days to sell inventory Calculate each of the following ratios.Round your answers to one decimal place.
A.Quick ratio
B.Current ratio
C.Receivable turnover ratio
D.Inventory turnover ratio
E.Average days to collect receivables
F.Average days to sell inventory

Correct Answer:

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A.Quick ratio = $180,000 ÷ $50,000 = 3.6...

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