Homework Help is Here – Start Your Trial Now!
Business
Finance
A company's quick ratio is 1.5. If its current liabilities are $200,000 and inventory is $50,000, what are its current assets? A) $250,000 B) $300,000 C) $350,000 D) $400,000

A company's quick ratio is 1.5. If its current liabilities are $200,000 and inventory is $50,000, what are its current assets? A) $250,000 B) $300,000 C) $350,000 D) $400,000

Intermediate Financial Management (MindTap Course List)
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter7: Analysis Of Financial Statements
Section: Chapter Questions
Problem 7P: Ace Industries has current assets equal to 3 million. The companys current ratio is 1.5, and its...
See similar textbooks
icon
Related questions
Question

Ans

A company's quick ratio is 1.5. If its current liabilities are $200,000 and inventory is $50,000, what are its current assets? A) $250,000 B) $300,000 C) $350,000 D) $400,000
Transcribed Image Text:A company's quick ratio is 1.5. If its current liabilities are $200,000 and inventory is $50,000, what are its current assets? A) $250,000 B) $300,000 C) $350,000 D) $400,000
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Intermediate Financial Management (MindTap Course…
Intermediate Financial Management (MindTap Course…
Finance
ISBN:
9781337395083
Author:
Eugene F. Brigham, Phillip R. Daves
Publisher:
Cengage Learning
Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
Principles of Accounting Volume 1
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
SEE MORE TEXTBOOKS