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
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ISBN:9781337690881
Author:Jay Rich, Jeff Jones
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Chapter12: Fainancial Statement Analysis
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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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