Z-Mart's current assets were $17,980. Its quick assets were $11,420. Its current liabilities were $12,190. Its quick ratio is
A) 1.48
B) 1.57
C) .94
D) 2.40
E) 1.07

Name: Z-Mart's current assets were $17,980. Its quick assets were $11,420. Its current liabilities were $12,190. Its quick ratio is A) 1.48 B) 1.57 C) .94 D) 2.40 E) 1.07
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Question

Quizplus · Accepted Answer

The quick ratio is calculated by dividing quick assets by current liabilities. Quick ratio = $11,420 / $12,190 = 0.94.

Z-Mart's Current Assets Were $17,980