ABC Corporation had total quick assets of $6,700,000, current assets of $12,000,000, and current liabilities of $8,500,000. Its acid-test ratio equals: a. 0.56 b. 1.56 c. 2.20 d. 0.71 e. 0.79
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- ABC has the following current assets: cash, $102 million; receivables, $94 million; inventory, $182 million; other current assets, $18 million. ABC also has the following liabilities: accounts payable, $98 million; long-term debt, $23 million. Based on these amounts, what is the acid-test ratio ? Numeric Response:?????????ABC Corporation's total quick assets were $8,674,000, its current assets were $11,350,000, and its current liabilities were $7,850,000. Its acid-test ratio equals_.Jones Corporation reported curent assets of $187,000 and current llabilities of $132,000 on Its most recent balance sheet. The current assets cons Accounts Receivable; and $79,000 of Inventory. The acid-test (quick) ratio Is: Multiple Cholce 0.60 : 1. 1.4:1. 1:1. 0.82:1. 0.58: 1.
- Total assets are $12.0 million, with $4.0 million being long-term assets. Current liabilitiesare $2.5 million and total liabilities are $6.5 million. The current ratio would be closest to:a. 1.6.b. 1.8.c. 3.2.d. 4.8.Jones Corp. reported current assets of $184,000 and current liabilities of $127,500 on its most recent balance sheet. The current assets consisted of $63,800 Cash; $45,700 Accounts Receivable; and $74,500 of Inventory. The acid-test (quick) ratio is: Multiple Choice 1.4: 1. 0.86: 1. 0.60: 1. ...Under Armour has the following current assets: cash, $102 million; receivables, $94 million; inventory, $182 million; and other current assets, $18 million. Under Armour has the following liabilities: accounts payable, $98 million; current portion of long-term debt, $35 million; and long-term debt, $23 million. Based on these amounts, calculate the current ratio and the acid-test ratio for Under Armour.