None Question:XYZ Corporation had total quick assets of $8,200,000, current assets of$14,500,000, and current liabilities of $10,000,000. Its acid-test ratioequals:a. 0.62b. 1.45c. 0.82d. 0.97e. 0.72

Question:XYZ Corporation had:- **Quick Assets**: $8,200,000- **Current Assets**: $14,500,000-…

Answered: Question: XYZ Corporation had total…

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: XYZ Corporation had total quick assets of $8,200,000, current assets of $14,500,000, and current liabilities of $10,000,000. Its acid-test ratio equals: a. 0.62 b. 1.45 c. 0.82 d. 0.97 e. 0.72