Bamboo Industries,Inc.,has $30,000 in cash and cash equivalents,$15,000 in short-term investments,$125,000 in net current receivables,$50,000 in inventory and $12,000 in prepaid expenses.The total current liabilities of the firm are $200,000.Bamboo Industries' current ratio is:
A) 0.85.
B) 0.91.
C) 1.10.
D) 1.16.
Correct Answer:
Verified
Q121: When calculating the denominator for the quick
Q151: Days' sales in receivables is also called:
A)days'
Q173: In order to effectively evaluate the days'
Q174: If the quick ratio is 2.0,and the
Q175: Days' sales in receivables can be computed
Q177: If the collection period of a company
Q179: A company has net credit sales of
Q180: A company has net credit sales of
Q182: Kaley Kaimainn,the controller for Supplies Unlimited has
Q183: The comparative financial statements of Walters Company
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents