св750-600350CA600 + 150 = 750= 42.8%CL = 150 + 20035014. A firm has AED 600 million in inventory, AED 1,200 million fixed assets, AED 250million in accounts receivables, AED 150 million in accounts payable, notes payable AED200 and AED 2,100 million in total assets. What is the quick ratio?Quick ratio =CA- inventory4

QUICK RATIO Quick Ratio is also termed as Acid Test Ratio or Liquidity Ratio. Quick ratio is…

14. A firm has AED 600 million in inventory, AED 1,200 million fixed assets, AED 250 million in accounts receivables, AED 150 million payable, notes payable AED 200 and AED 2,100 million in total assets. What is the quick ratio? in accounts

14. A firm has AED 600 million in inventory, AED 1,200 million fixed assets, AED 250 million in accounts receivables, AED 150 million payable, notes payable AED 200 and AED 2,100 million in total assets. What is the quick ratio? in accounts

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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Question

100%

св
750-600
350
CA
600 + 150 = 750
= 42.8%
CL = 150 + 200
350
14. A firm has AED 600 million in inventory, AED 1,200 million fixed assets, AED 250
million in accounts receivables, AED 150 million in accounts payable, notes payable AED
200 and AED 2,100 million in total assets. What is the quick ratio?
Quick ratio =
CA- inventory
4

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