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Calculate the Quick Ratio for Company 1 for the year ending 2019.

Calculate the Quick Ratio for Company 1 for the year ending 2019.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Calculate the Quick Ratio for Company 1 for the year ending 2019.

O jgoi × O BDSW X GBPU X * Goog X * Searc x O (348) X b My Q x A BAF3 X * 8.4 Tr x E 8.7 UI X A Meet x E 8.6 TE X * 9.4.2 X E Roun x i docs.google.com/forms/d/e/1FAlpQLSd8y0SiaSvtGskBBd3MdGR5NzjKZ2Gz9n0wPiFIBgvl7cde1g/viewform?hr_submission=Chglhs-v9GgSEAjl5azWiQcSBwj2vuXowwQQAQ * ES P E Apps Personal Banking ... * Captionless Image COmpanTY I Breakdown 12/31/2019 12/31/2018 12/31/2017 12/31/2016 v Total Assets 225,248,000 162,648,000 131,310,000 83,402,000 v Current Assets 96,334,000 75,101,000 60,197,000 45,781,000 v Cash, Cash Equivalents & S. 55,021,000 41,250,000 30,986,000 25,981,000 Cash And Cash Equivalents 36,092,000 31,750,000 20,522,000 19,334,000 Other Short Term Investme.-- 18,929,000 9,500,000 10,464,000 6,647,000 v Receivables 20,816,000 16,677,000 13,164,000 8,339,000 > Accounts receivable 20,816,000 16,677,000 13,164,000 8,339,000 > Inventory 20,497,000 17,174,000 16,047,000 11,461,000 > Total non-current assets 128,914,000 87,547,000 71,113,000 37,621,000 v Total Liabilities Net Minority Int.-- 163,188,000 119,099,000 103,601,000 64,117,000 > Current Liabilities 87,812,000 68,391,000 57,883,000 43,816,000 > Total Non Current Liabilities ... 75,376,000 50,708,000 45,718,000 20,301,000 v Total Equity Gross Minority Inte--- 62,060,000 43,549,000 27,709,000 19,285,000 v Stockholders' Equity 62,060,000 43,549,000 27,709,000 19,285,000 > Capital Stock 5,000 5,000 5,000 5,000 Additional Paid in Capital 33,658,000 26,791,000 21,389,000 17,186,000 Retained Earnings 31,220,000 19,625,000 8,636,000 4,916,000 Treasury Stock 1,837,000 1,837,000 1,837,000 1,837,000 Gains Losses Not Affecting Re-. -986,000 -1,035,000 -484,000 -985,000 1:07 PM O Type here to search IA G 4») ENG 48 12/11/2020 11 +
Transcribed Image Text:O jgoi × O BDSW X GBPU X * Goog X * Searc x O (348) X b My Q x A BAF3 X * 8.4 Tr x E 8.7 UI X A Meet x E 8.6 TE X * 9.4.2 X E Roun x i docs.google.com/forms/d/e/1FAlpQLSd8y0SiaSvtGskBBd3MdGR5NzjKZ2Gz9n0wPiFIBgvl7cde1g/viewform?hr_submission=Chglhs-v9GgSEAjl5azWiQcSBwj2vuXowwQQAQ * ES P E Apps Personal Banking ... * Captionless Image COmpanTY I Breakdown 12/31/2019 12/31/2018 12/31/2017 12/31/2016 v Total Assets 225,248,000 162,648,000 131,310,000 83,402,000 v Current Assets 96,334,000 75,101,000 60,197,000 45,781,000 v Cash, Cash Equivalents & S. 55,021,000 41,250,000 30,986,000 25,981,000 Cash And Cash Equivalents 36,092,000 31,750,000 20,522,000 19,334,000 Other Short Term Investme.-- 18,929,000 9,500,000 10,464,000 6,647,000 v Receivables 20,816,000 16,677,000 13,164,000 8,339,000 > Accounts receivable 20,816,000 16,677,000 13,164,000 8,339,000 > Inventory 20,497,000 17,174,000 16,047,000 11,461,000 > Total non-current assets 128,914,000 87,547,000 71,113,000 37,621,000 v Total Liabilities Net Minority Int.-- 163,188,000 119,099,000 103,601,000 64,117,000 > Current Liabilities 87,812,000 68,391,000 57,883,000 43,816,000 > Total Non Current Liabilities ... 75,376,000 50,708,000 45,718,000 20,301,000 v Total Equity Gross Minority Inte--- 62,060,000 43,549,000 27,709,000 19,285,000 v Stockholders' Equity 62,060,000 43,549,000 27,709,000 19,285,000 > Capital Stock 5,000 5,000 5,000 5,000 Additional Paid in Capital 33,658,000 26,791,000 21,389,000 17,186,000 Retained Earnings 31,220,000 19,625,000 8,636,000 4,916,000 Treasury Stock 1,837,000 1,837,000 1,837,000 1,837,000 Gains Losses Not Affecting Re-. -986,000 -1,035,000 -484,000 -985,000 1:07 PM O Type here to search IA G 4») ENG 48 12/11/2020 11 +
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