Answered: Ivanhoe Technologies has a quick ratio…

Ivanhoe Technologies has a quick ratio of 1.25, current liabilities of $4,800,000, and inventories of $5,200,000. Calculate Ivanhoe Technologies' current ratio.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 15MCQ: Hummel Inc. has $30,000 in current assets and $15,000 in current liabilities. What is Hummels...

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Question

Calculate the current ratio of this financial accounting question

Ivanhoe Technologies has a quick ratio of 1.25, current
liabilities of $4,800,000, and inventories of $5,200,000.
Calculate Ivanhoe Technologies' current ratio.

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