AAA's inventory turnover ratio is 13.27 based on sales of $14,200,000. The firm's current ratio equals 3.97 with current liabilities equal to $ 860,000. What is the firm's quick ratio? (Round your answer to two decimal places.) Group of answer choices 3.97 2.73 3.45 1.55 4.90

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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AAA's inventory turnover ratio is 13.27 based on sales of $14,200,000.
The firm's current ratio equals 3.97 with current liabilities equal to $
860,000. What is the firm's quick ratio? (Round your answer to two
decimal places.)
Group of answer choices
3.97
2.73
3.45
1.55
4.90
Transcribed Image Text:AAA's inventory turnover ratio is 13.27 based on sales of $14,200,000. The firm's current ratio equals 3.97 with current liabilities equal to $ 860,000. What is the firm's quick ratio? (Round your answer to two decimal places.) Group of answer choices 3.97 2.73 3.45 1.55 4.90
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