Did the quick ratio improve from 2022 to 2023? question 41 emma jonesss attafchedhanks Emma Jones Company has the following information available:Account12/31/2023Accounts Payable$76,50042,300Accounts Receivable, netCash and Cash EquivalentsInventories43,700100,000Long-Term Investments20,00027,0002,00020,000Short-Term InvestmentsIncome Taxes PayableLong-Term Notes PayableDid the quick ratio improve from 2022 to 2023?OA. Yes.B. No.OC. It stayed the same.D. There is not enough information.12/31/2022$80,00049,00070,00099,000100,00044,0005,00030,000

Quick ratio = Current assets except stock / Current liabilities

Answered: sh Equivalents Investments 43,700…

Business

Accounting

sh Equivalents Investments 43,700 100,000 20,000 70,000 99,000 100,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Did the quick ratio improve from 2022 to 2023?

question 41 emma jones

ss attafched

hanks

Emma Jones Company has the following information available:
Account
12/31/2023
Accounts Payable
$76,500
42,300
Accounts Receivable, net
Cash and Cash Equivalents
Inventories
43,700
100,000
Long-Term Investments
20,000
27,000
2,000
20,000
Short-Term Investments
Income Taxes Payable
Long-Term Notes Payable
Did the quick ratio improve from 2022 to 2023?
OA. Yes.
B. No.
OC. It stayed the same.
D. There is not enough information.
12/31/2022
$80,000
49,000
70,000
99,000
100,000
44,000
5,000
30,000

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