Calculate the quick assets (in $) and acid test ratio for the given company. Round ratios to the nearest hundredth. Company Current Assets Current Liabilities Cash Marketable Securities Accounts Receivable Quick Assets Acid Test Ratio a personal electronics retail store $14,640 $19,600 $2,790 0 $4,430 $ :1
Calculate the quick assets (in $) and acid test ratio for the given company. Round ratios to the nearest hundredth. Company Current Assets Current Liabilities Cash Marketable Securities Accounts Receivable Quick Assets Acid Test Ratio a personal electronics retail store $14,640 $19,600 $2,790 0 $4,430 $ :1
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 52CE: Asset Efficiency Ratios Selected financial statement numbers for Rutherford Company follow....
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Calculate the quick assets (in $) and acid test ratio for the given company. Round ratios to the nearest hundredth.
Company | Current Assets |
Current Liabilities |
Cash | Marketable Securities |
Accounts Receivable |
Quick Assets |
Acid Test Ratio |
---|---|---|---|---|---|---|---|
a personal electronics retail store | $14,640 | $19,600 | $2,790 | 0 | $4,430 | $ | :1 |
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