$$\begin{array}{l}
\begin{array} {lll }
&£\
\text {Trade payales}&35,000\
\text {Trade receivales}&28,000\
\text {cash and cash equivalents}&15,000\
\text {Taxation repayale to the campary}&12,000\
\text {Inventory}&14,000\
\text {Accruals}&6,000\
\end{array}
\end{array}$$ Based on the above figures, what is the quick ratio?

Question

$$\begin{array}{l}
\begin{array} {lll } 
&£\
\text {Trade payales}&35,000\
\text {Trade receivales}&28,000\
\text {cash and cash equivalents}&15,000\
\text {Taxation repayale to the campary}&12,000\
\text {Inventory}&14,000\
\text {Accruals}&6,000\
\end{array}
\end{array}$$ Based on the above figures, what is the quick ratio?

Quizplus · Accepted Answer

The Answer of $$\begin{array}{l}
\begin{array} {lll } 
&£\
\text {Trade payales}&35,000\
\text {Trade receivales}&28,000\
\text {cash and cash equivalents}&15,000\
\text {Taxation repayale to the campary}&12,000\
\text {Inventory}&14,000\
\text {Accruals}&6,000\
\end{array}
\end{array}$$ Based on the above figures, what is the quick ratio?

Based on the Above Figures, What Is the Quick Ratio