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

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 15MCQ: Hummel Inc. has $30,000 in current assets and $15,000 in current liabilities. What is Hummels...
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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
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