Bunky 's Boutique has cash of $100, accounts receivable of $190, accounts payable of $200, short-term notes payable of $140, LTD of $200, Common Stock of $150 and inventory of $150. What is the value of the quick ratio?
Financial Ratios
A Ratio refers to a figure calculated as a reference to the relationship of two or more numbers and can be expressed as a fraction, proportion, percentage, or the number of times. When the number is determined by taking two accounting numbers derived from the financial statements, it is termed as the accounting ratio.
Return on Equity
The Return on Equity (RoE) is a measure of the profitability of a business concerning the funds by its stockholders/shareholders. ROE is a metric used generally to determine how well the company utilizes its funds provided by the equity shareholders.
Bunky 's Boutique has cash of $100, accounts receivable of $190, accounts payable of $200, short-term notes payable of $140, LTD of $200, Common Stock of $150 and inventory of $150. What is the value of the quick ratio?
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