Victor Company has cash of $23,000; net accounts receivable of $49,000; long-term investments of $25,000; and supplies of $13,000. It also has accounts payable of $20,000; other current liabilities of $15,000; and $70,000 in long-term liabilities. What is the quick ratio for Victor Company? Is the current year's quick ratio good?

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The Answer of Victor Company has cash of $23,000; net accounts receivable of $49,000; long-term investments of $25,000; and supplies of $13,000. It also has accounts payable of $20,000; other current liabilities of $15,000; and $70,000 in long-term liabilities. What is the quick ratio for Victor Company? Is the current year's quick ratio good?

Victor Company Has Cash of $23,000; Net Accounts Receivable of $49,000;