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-Given the Above Data,calculate the Quick Ratio for the Firm

Question 29

Multiple Choice

 B.S item/year 20092010 Cash 90003000 Receivables 2200010000 Inventory 2000012000 Current assets 3700025000 Non-current assets 5500060000 Current liabilities 5400030000 Non-current liabilities 4000045000\begin{array}{|l|r|r|}\hline \text { B.S item/year } & {\mathbf{2 0 0 9}} & {\mathbf{2 0 1 0}} \\\hline \text { Cash } & 9000 & 3000 \\\hline \text { Receivables } & 22000 & 10000 \\\hline \text { Inventory } & 20000 & 12000 \\\hline \text { Current assets } & \mathbf{3 7 0 0 0} & \mathbf{2 5 0 0 0} \\\hline \text { Non-current assets } & \mathbf{5 5 0 0 0} & \mathbf{6 0 0 0 0} \\\hline \text { Current liabilities } & \mathbf{5 4 0 0 0} & \mathbf{3 0 0 0 0} \\\hline \text { Non-current liabilities } & \mathbf{4 0 0 0 0} & \mathbf{4 5 0 0 0} \\\hline\end{array}
-Given the above data,calculate the quick ratio for the firm for 2009.


A) 0.135 0.135
B) 0.531 0.531
C) 0.574 0.574
D) 1.156 1.156

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