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The following table shows some selected financial information of Taqah Company. According to the given information, which of the following shows the Quick Ratio (QR correctly? Cash 8000 Marketable securities 2000 Account Receivables 12000 Long term investment 25000 Long term Loan 12500 Inventory 7000 Rent expense 4200 Current Liabilities 13000 Select one: a. QR 0.70 b. None of the options c. QR = 1.69 d. QR = 1.03

The following table shows some selected financial information of Taqah Company. According to the given information, which of the following shows the Quick Ratio (QR correctly? Cash 8000 Marketable securities 2000 Account Receivables 12000 Long term investment 25000 Long term Loan 12500 Inventory 7000 Rent expense 4200 Current Liabilities 13000 Select one: a. QR 0.70 b. None of the options c. QR = 1.69 d. QR = 1.03

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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The following table shows some selected financial information of Taqah Company. According to the given information, which of the following shows the Quick Ratio (QR) correctly? Cash 8000 Marketable securities 2000 Account Receivables 12000 Long term investment 25000 Long term Loan 12500 Inventory 7000 Rent expense 4200 Current Liabilities 13000 Select one: a. QR 0.70 b. None of the options c. QR = 1.69 d. QR = 1.03 %3D
Transcribed Image Text:The following table shows some selected financial information of Taqah Company. According to the given information, which of the following shows the Quick Ratio (QR) correctly? Cash 8000 Marketable securities 2000 Account Receivables 12000 Long term investment 25000 Long term Loan 12500 Inventory 7000 Rent expense 4200 Current Liabilities 13000 Select one: a. QR 0.70 b. None of the options c. QR = 1.69 d. QR = 1.03 %3D
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