Exhibit 4-1 Given the following information for Blue Bell Company:
-Refer to Exhibit 4-1. Blue Bell's quick ratio at December 31, 2014 was

Question

Exhibit 4-1 Given the following information for Blue Bell Company:  
-Refer to Exhibit 4-1. Blue Bell's quick ratio at December 31, 2014 was

Quizplus · Accepted Answer

Quick ratio = (cash + marketable securities + accounts receivable) / current liabilities
Based on the information provided in Exhibit 4-1:
Quick ratio = (18,000 + 16,000 + 24,000) / 27,000
Quick ratio = 58,000 / 27,000
Quick ratio = 2.148 or approximately 1.33 times (rounded to two decimal places)

Exhibit 4-1 Given the Following Information for Blue Bell Company