6. At the balance sheet date, Arlington Company reported the following balances. (All accounts have normal balances). Inventory Cash Accounts receivable Current liabilities Land Sales revenue a. .50 b. .75 $3,000 1,000 2,000 What is Arlington Company's quick ratio? c. 1.00 d. 1.50 e. 2.00 4,000 6,000 10,000

6. At the balance sheet date, Arlington Company reported the following balances. (All accounts have normal balances). Inventory Cash Accounts receivable Current liabilities Land Sales revenue a. .50 b. .75 $3,000 1,000 2,000 What is Arlington Company's quick ratio? c. 1.00 d. 1.50 e. 2.00 4,000 6,000 10,000

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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