Coastal Electric has current assets of $ 4.5 million.The current ratio is 1.25 and the quick ratio is 0.75.What is the amount of Coastal's current liabilities (in millions) ?
A) $4.5
B) $1.8
C) $2.4
D) $3.6
Correct Answer:
Verified
Q81: Which of the following ratios would be
Q90: If Challenge Corporation has sales of $2
Q94: Which of the following will increase return
Q95: Paper Clip Office Supply had $24 000
Q97: [blank] indicates management's effectiveness in managing the
Q100: A firm has a return on equity
Q104: An increase in retained earnings will increase
Q106: One weakness of the times-interest-earned ratio is
Q109: A small start-up company should choose an
Q129: Companies chosen for benchmarks should be of
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