Ivanhoe Electronics has a quick ratio of 1.15, current liabilities of $5,395,000, and inventories of $6,151,400. What is the firm's current ratio?

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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What is the firm's current ratio on these financial accounting question?

Ivanhoe Electronics has a quick ratio of 1.15,
current liabilities of $5,395,000, and inventories
of $6,151,400.
What is the firm's current ratio?
Transcribed Image Text:Ivanhoe Electronics has a quick ratio of 1.15, current liabilities of $5,395,000, and inventories of $6,151,400. What is the firm's current ratio?
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