Based on the below figures, what is the quick ratio?
$\begin{array}{c}
&£ \
\text { Trade payables } &40,000 \
\text {Trade receivables } &45,000 \
\text { Cash and cash equivalents } &15,000 \
\text { Taxation payable } &20,000 \
\text { The portion of long-term borrowings repayable } &15,000 \
\text { within 12 months of the year end date } &\
\text {Inventory } &20,000
\end{array}$

Question

Based on the below figures, what is the quick ratio?
$\begin{array}{c}
&£ \
\text { Trade payables } &40,000 \
\text {Trade receivables  } &45,000 \
\text { Cash and cash equivalents } &15,000 \
\text { Taxation payable } &20,000 \
\text { The portion of long-term borrowings repayable } &15,000 \
\text { within 12 months of the year end date } &\
\text {Inventory  } &20,000
\end{array}$

Quizplus · Accepted Answer

The Answer of Based on the below figures, what is the quick ratio?
$\begin{array}{c}
&£ \
\text { Trade payables } &40,000 \
\text {Trade receivables  } &45,000 \
\text { Cash and cash equivalents } &15,000 \
\text { Taxation payable } &20,000 \
\text { The portion of long-term borrowings repayable } &15,000 \
\text { within 12 months of the year end date } &\
\text {Inventory  } &20,000
\end{array}$

Based on the Below Figures, What Is the Quick Ratio