Answered: A company's quick ratio is 1.5. If its…

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)

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...

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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

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