A company has $33,000 in cash and cash equivalents, $82,000 in short-term investments, $121,000 in net current receivables, $63,000 in inventory, $18,000 of prepaid insurance and $6,000 of supplies. The total current liabilities of the firm are $303,000. The quick ratio of the company is: (Round your final answer to two decimal places.) OA. 0.78. B. 1.07. OC. 0.99. D. 0.38. ***
A company has $33,000 in cash and cash equivalents, $82,000 in short-term investments, $121,000 in net current receivables, $63,000 in inventory, $18,000 of prepaid insurance and $6,000 of supplies. The total current liabilities of the firm are $303,000. The quick ratio of the company is: (Round your final answer to two decimal places.) OA. 0.78. B. 1.07. OC. 0.99. D. 0.38. ***
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:A company has $33,000 in cash and cash equivalents, $82,000 in short-term investments, $121,000
in net current receivables, $63,000 in inventory, $18,000 of prepaid insurance and $6,000 of supplies.
The total current liabilities of the firm are $303,000. The quick ratio of the company is: (Round your final
answer to two decimal places.)
OA. 0.78.
OB. 1.07.
OC. 0.99.
O D. 0.38.
***
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