Answered: Ivanhoe Electronics has a quick ratio…

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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Financial Accounting

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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