You are analyzing a company that has cash of $11,200,accounts receivable of $27,800,fixed assets of $124,600,accounts payable of $31,300,and inventory of $56,900.What is the quick ratio?
A)0.30
B)0.67
C)0.80
D)1.25
E)1.37

Name: You are analyzing a company that has cash of $11,200,accounts receivable of $27,800,fixed assets of $124,600,accounts payable of $31,300,and inventory of $56,900.What is the quick ratio? A)0.30 B)0.67 C)0.80 D)1.25 E)1.37
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Question

Quizplus · Accepted Answer

Quick ratio = ($11,200 + $27,800)/$31,300 = 1.25

You Are Analyzing a Company That Has Cash of $11,200,accounts