Solved

The December 31, 2019, Balance Sheet of Bash Company Includes

Question 49

Multiple Choice

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:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents