Calculate the Quick Ratio using the following information: Cash Short Term Investments Accounts Receivable Inventory Other Current Assets Total Current Assets Long Term Assets Current Liabilities Long Term Liabilities 2.00 2.30 2.50 2.45 5,000 1,000 2,000 1,200 600 9,800 12,000 4,000 3,000

Calculate the Quick Ratio using the following information: Cash Short Term Investments Accounts Receivable Inventory Other Current Assets Total Current Assets Long Term Assets Current Liabilities Long Term Liabilities 2.00 2.30 2.50 2.45 5,000 1,000 2,000 1,200 600 9,800 12,000 4,000 3,000

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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Question

Calculate the Quick Ratio using the following information:
Cash
Short Term Investments
Accounts Receivable
Inventory
Other Current Assets
Total Current Assets
Long Term Assets
Current Liabilities
Long Term Liabilities
2.00
2.30
O 2.50
O
2.45
5,000
1,000
2,000
1,200
600
9,800
12,000
4,000
3,000

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