Please do not give solution in image format thanku Standard Brakes had sales of $200,000 last year. It also has a cash total of $75,000, stocks and bonds of $50,000, and accountsreceivable of $40,000. Standard has accounts payable of $50,000, notes payable of $125,000, and bonds payable of $175,000.Calculate the quick ratio for the company.Multiple Choice1.221.04O 1.14.47.94

The ratio analysis helps to analyze the financial statements of the business on the basis of various…

Standard Brakes had sales of $200,000 last year. It also has a cash total of $75,000, stocks and bonds of $50,000, and accounts eceivable of $40,000. Standard has accounts payable of $50,000, notes payable of $125,000, and bonds payable of $175,000. Calculate the quick ratio for the company. Multiple Choice 1.22

Standard Brakes had sales of $200,000 last year. It also has a cash total of $75,000, stocks and bonds of $50,000, and accounts eceivable of $40,000. Standard has accounts payable of $50,000, notes payable of $125,000, and bonds payable of $175,000. Calculate the quick ratio for the company. Multiple Choice 1.22

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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