Riccardo Company has cash of $103,000; net accounts receivable of $69,000; short-term investments of $25,000; and prepaid expenses of $40,000. It also has $90,000 in current liabilities and $80,000 in long-term liabilities. What is the quick ratio for Riccardo Company? If last year's quick ratio was 2.3, is there an improvement or deterioration in the quick ratio? Is the current year's quick ratio good?

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The Answer of Riccardo Company has cash of $103,000; net accounts receivable of $69,000; short-term investments of $25,000; and prepaid expenses of $40,000. It also has $90,000 in current liabilities and $80,000 in long-term liabilities. What is the quick ratio for Riccardo Company? If last year's quick ratio was 2.3, is there an improvement or deterioration in the quick ratio? Is the current year's quick ratio good?

Riccardo Company Has Cash of $103,000; Net Accounts Receivable of $69,000;