Please refer to Table 4-5 for the following questions.
Table 4-5
Yen Inc.
Balance Sheet

Yen Inc.
Income Statement
For the year ended December 31, 2010

-Based on the information contained in Tables 4-5,what was Yen's quick ratio at the end of 2010?
A) 2.10
B) 1.43
C) 2.93
D) 1.79

Question

Please refer to Table 4-5 for the following questions.
Table 4-5
Yen Inc.
Balance Sheet
  
Yen Inc.
Income Statement
For the year ended December 31, 2010
 
-Based on the information contained in Tables 4-5,what was Yen's quick ratio at the end of 2010?
A) 2.10 
B) 1.43 
C) 2.93 
D) 1.79

Quizplus · Accepted Answer

Yen's quick ratio at the end of 2010 is calculated as (Cash + Marketable Securities + Accounts Receivable) / Current Liabilities = (100 + 200 + 300) / 470 = 600 / 470 = 2.10.

Please Refer to Table 4-5 for the Following Questions