The December 31, 2019, balance sheet of Bash Company includes the following information:
Cash $ 360,000
Short-term Investments 180,000
Accounts Receivable 1,020,000
Inventory 1,080,000
Prepaid Expenses 240,000
Current Liabilities 1,312,500
Total Liabilities 360,000
What is Bash's quick ratio at December 31, 2019?
A) 0.76
B) 2.33
C) 1.19
D) 1.33
Correct Answer:
Verified
Q44: A firm has the following monthly payroll
Q45: If Foster Toys has a current ratio
Q46: The December 31, 2019, balance sheet of
Q47: The December 31, 2019, balance sheet of
Q48: The December 31, 2019, balance sheet of
Q50: On November 1, Minerva borrowed from
Q51: On November 1, Luna borrowed from
Q52: Michigan Company paid Wisconsin Company for
Q53: France Company paid Heidelberg Company for
Q54: On December 1, Jenna borrowed $12,000
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