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
Section: Chapter Questions
Problem 1PS
Related questions
Question
100%
Calculate Quick Ratio: AKA the Acid Test
Transcribed Image Text:Intro
Use the following information to answer the questions:
Assets
Liabilities and Equity
Accounts
Cash
14,000
payable
Marketable
2,000
Notes payable
securities
Accounts
Current
5,000
receivable
liabilities
Long-term
Inventory
23,000
debt
Total
Current assets
44,000
liabilities
Machines
34,000
Paid-in capital
Retained
Real estate
80,000
earnings
Fixed assets
114,000
Equity
Total liab. &
Total assets
158,000
equity
22,000
6,000
28,000
95,000
123,000
20,000
15,000
35,000
158,000
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