Bamboo Industries, Inc. has $39,000 in cash and cash equivalents, $19,000 in short-term investments, $129,000 in net current receivables, $58,000 in inventory and $18,000 in prepaid expenses. The total current liabilities of the firm are $240,000. Bamboo Industries' current ratio is: (Round your final answer to two decimal places.)
A) 0.78.
B) 0.85.
C) 1.02.
D) 1.1.
Correct Answer:
Verified
Q121: When calculating the denominator for the quick
Q128: In order to effectively evaluate the days'
Q130: When compared to the current ratio,the quick
Q135: If a company wants to increase its
Q138: Which of the following is considered to
Q180: Factoring accounts receivable is used by:
A)start-up companies.
B)companies
Q181: Mary Smith Company has the following information
Q184: If the collection period of a company
Q186: Emma Jones Company has the following information
Q187: Robin's Nest had net credit sales for
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