Garry Co. has a current ratio of 8:1 and a quick acid test ratio of 6. Current assets are P360,000. How much are the non-quick asset ? O P120,000 O P100.000 O P150,000 O P90,000
Garry Co. has a current ratio of 8:1 and a quick acid test ratio of 6. Current assets are P360,000. How much are the non-quick asset ? O P120,000 O P100.000 O P150,000 O P90,000
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter7: Analysis Of Financial Statements
Section: Chapter Questions
Problem 7P: Ace Industries has current assets equal to 3 million. The companys current ratio is 1.5, and its...
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