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
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Calculate the quick assets (in $) and acid test ratio for the given company. Round ratios to the nearest hundredth.
![Calculate the quick assets (in $) and add test ratio for the glven company. Round ratios to the neaest hundredth.
Current
Liabilities
Quick
Assets
Current
Marketable
Accounts
Acid Test
Company
Assets
Cash
Securities
Receivable
Ratio
a personal electronics retail store
$14,440
$19,800
$2,990
$4,430](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5a5488bf-401c-48e6-9ca0-cb777d170c26%2F65aed826-4f7a-4d2a-8698-8218f70a62fa%2F23pvfjn_processed.png&w=3840&q=75)
Transcribed Image Text:Calculate the quick assets (in $) and add test ratio for the glven company. Round ratios to the neaest hundredth.
Current
Liabilities
Quick
Assets
Current
Marketable
Accounts
Acid Test
Company
Assets
Cash
Securities
Receivable
Ratio
a personal electronics retail store
$14,440
$19,800
$2,990
$4,430
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