Russell's Deli has cash of $136, accounts receivable of $87, accounts payable of $215, and inventory of $409. What is the value of the quick ratio?
A) 0.31
B) 0.53
C) 0.71
D) 1.04
E) 1.07
Correct Answer:
Verified
Q41: Wise's Corner Grocer had the following current
Q44: The Bike Shop paid $2,310 in interest
Q45: A firm currently has $600 in debt
Q49: A firm has total debt of $4,620
Q49: It is easier to evaluate a firm
Q51: During the year,Kitchen Supply increased its accounts
Q51: A firm generated net income of $878.
Q54: A firm has a debt-equity ratio of
Q57: Which one of the following statements is
Q58: A firm has sales of $68,400,costs of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents