Dixon Enterprises has total quick assets of $4,500,000, current assets of $10,000,000, and current liabilities of $6,500,000. What is Dixon's acid-test ratio? a) 0.69 b) 0.65 c) 0.75 d) 0.80
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- XYZ Industries' total quick assets were $4,500,000, its current assets were $9,800,000, and its current liabilities were $5,000,000. Its acid-test ratio equals: a. 0.46 b. 0.90 c. 1.96 d. 1.20 e. 2.18Thickburger's net fixed assets = $200,000, total assets = $400,000, inventory =$50,000 and current liabilities = $100,000. All assets are classified as beingeither "current assets" or "fixed assets". What is the firm's current ratio?b. What is Thickburger's quick ratio?Please answer Required 13,14,15,16
- 1) The Ivy Corporation shows the following data: Current assets: $400,000 Current liabilities: $210,000 Inventory: 500,000 Current assets…Hummel Inc. has $30,000 in current assets and $15,000 in current liabilities. What is Hummels current ratio? a. 3 c. 1 b. 2 d. 0.5Provide solution for this question