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Stimac Corporation Has Total Cash of $210,000, No Marketable Securities

Question 77

Multiple Choice

Stimac Corporation has total cash of $210,000, no marketable securities, total current receivables of $281,000, total inventory of $151,000, total prepaid expenses of $53,000, total current assets of $695,000, total current liabilities of $261,000, total stockholders' equity of $1,014,000, total assets of $1,415,000, and total liabilities of $401,000. The company's acid-test (quick) ratio is closest to:


A) 2.08
B) 1.73
C) 2.66
D) 1.88

Correct Answer:

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