ABC Corporation's total quick assets were $5,888,000, its current assets were $11,700,000, and its current liabilities were $8,000,000. Its acid-test ratio equals: a. 0.50 b. 0.68 c. 0.74 d. 1.50 e. 2.20
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- 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_.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:?????????The current assets of Novak Corp. are $495600. The current liabilities are $168000. The current ratio expressed as a proportion is
- It's acid-test ratio equalsIf current assets are $112,000 and current liabilities are $56,000, what is the current ratio?A. 200 percentB. 50 percentC. 2.0D. $50,000Southern Style Realty has total assets of S485, 390, net fixed assets of $250,000, current liabilities of S 23,456, and long-term liabilities of $148.000. What is the total debt ratio? Multiple Choice .30.35.69.53.68.
- 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.2. If XYZ Company Acid-test ratio is computed as 1.7. Which statement interprets the acid-test ratio of XYZ company a. For every dollar of XYZ Company's current liabilities, the company has $1.70 of very liquid assets to cover its immediate obligations b. For every dollar of XYZ Company's current asset, the company has $1.70 of very liquid assets to cover its immediate obligations c. For every dollar of XYZ Company's total asset, the company has $1.70 of very liquid assets to cover its immediate obligations d. For every dollar of XYZ Company's total liabilities, the company has $1.70 of very liquid assets to cover its immediate obligationsSDJ, Inc., has net working capital of $3,550, current liabilities of $5140, and inventory of $4,690. What is the current ratio? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.