11:09 PM Sun Aug 13Assignment Chapter 6Question 3 of 4(a)Accounts receivable (net)Short-term investmentsInventoryPrepaid insuranceProperty, plant, and equipment (net)Accounts payable.Wages payableIncome tax payableSales tax payableNotes payable (due within one year).Bank loan payable (due in three years)Current ratioQuick ratioeTextbook and Mediaeducation wiley.comSave for Later130,00028,000390,00046,800960,000Calculate the current ratio and quick ratio for Liquid Company. (Round answers to 2 decimal places, e.g.15.25.)93,00037,00050,00010,00083,00050,00024%-/1 E 1Attempts: 0 of 3 usedSubmit Answer

CURRENT RATIO Current Ratio is the Ratio between Current Assets & Current Liabilities.Current…

11:09 PM Sun Aug 13 Assignment Chapter 6 Question 3 of 4 Accounts receivable (net) Short-term investments Inventory Prepaid insurance Property, plant, and equipment (net) Accounts payable Wages payable Income tax payable Sales tax payable Notes payable (due within one year) Bank loan payable (due in three years) (a) Current ratio Quick ratio eTextbook and Media www. education.wiley.com Save for Later 130.000 28.000 390,000 46,800 960,000 93,000 37,000 50,000 10,000 83,000 50,000 Calculate the current ratio and quick ratio for Liquid Company. (Round answers to 2 decimal places, e.g. 15.25.) -/1 TO241 1 Attempts: 0 of 3 used Submit Answer

11:09 PM Sun Aug 13 Assignment Chapter 6 Question 3 of 4 Accounts receivable (net) Short-term investments Inventory Prepaid insurance Property, plant, and equipment (net) Accounts payable Wages payable Income tax payable Sales tax payable Notes payable (due within one year) Bank loan payable (due in three years) (a) Current ratio Quick ratio eTextbook and Media www. education.wiley.com Save for Later 130.000 28.000 390,000 46,800 960,000 93,000 37,000 50,000 10,000 83,000 50,000 Calculate the current ratio and quick ratio for Liquid Company. (Round answers to 2 decimal places, e.g. 15.25.) -/1 TO241 1 Attempts: 0 of 3 used Submit Answer

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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