The following extracts of the financial statements of Wiggo have been obtained: 2015 Inventories $130,000 Receivables $80,000 Cash $10,000 Loan repayable 2018 $90,000 Deferred tax $14,000 Payables $70,000 Overdraft $34,000 What is the quick ratio of Wiggo?

The following extracts of the financial statements of Wiggo have been obtained: 2015 Inventories $130,000 Receivables $80,000 Cash $10,000 Loan repayable 2018 $90,000 Deferred tax $14,000 Payables $70,000 Overdraft $34,000 What is the quick ratio of Wiggo?

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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