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

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

FINANCIAL ACCOUNTING
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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Did the quick ratio improve from 2022 to​ 2023?
 
question 41 emma jones
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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
Transcribed Image Text: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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