Howard Corporation reported a quick ratio of 1.75, current assets of $50,000 and a current (working capital) ratio of 2.
(a) The total amount of quick assets was $_______.
(b) What is another name for the quick ratio? ___________
(c) Describe what type of assets are considered quick assets and give some examples.
(d) How does the quick ratio compare to the current ratio?

Question

Howard Corporation reported a quick ratio of 1.75, current assets of $50,000 and a current (working capital) ratio of 2. 
(a) The total amount of quick assets was $_______. 
(b) What is another name for the quick ratio? ___________ 
(c) Describe what type of assets are considered quick assets and give some examples. 
(d) How does the quick ratio compare to the current ratio?

Quizplus · Accepted Answer

The Answer of Howard Corporation reported a quick ratio of 1.75, current assets of $50,000 and a current (working capital) ratio of 2. 
(a) The total amount of quick assets was $_______. 
(b) What is another name for the quick ratio? ___________ 
(c) Describe what type of assets are considered quick assets and give some examples. 
(d) How does the quick ratio compare to the current ratio?

Howard Corporation Reported a Quick Ratio of 1