Provide quick ratio? Beacon Corp has the following financialdata:•Cash: $75Accounts receivable: $180Accounts payable: $290⚫ Inventory: $350Long-term debt: $920No short-term debtWhat is the quick ratio?

Step 1: Definition of Quick RatioThe Quick Ratio, also known as the Acid-Test Ratio, measures a…

Answered: Beacon Corp has the following financial…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter12: Current Liabilities

Section: Chapter Questions

Problem 3MC: The following is selected financial data from Block Industries: How much does Block Industries have...

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what is the quick ratio ?
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Beacon Corp has the following financial data: • Cash: $75 Accounts receivable: $180 Accounts payable: $290 ⚫ Inventory: $350 Long-term debt: $920 No short-term debt What is the quick ratio?