Use the following information to answer the questions: Assets Liabilities and Equity Cash 13,000 Accounts payable 18,000 Marketable securities 2,000 Notes payable 6,000 Accounts receivable 3,000 Current liabilities 24,000 Inventory 27,000 Long-term debt 95,000 Current assets 45,000 Total liabilities 119,000 Machines 34,000 Paid-in capital 20,000 Real estate 80,000 Retained earnings 20,000 Fixed assets 114,000 Equity 40,000 Total assets 159,000 Total liab. & equity 159,000 What is the quick ratio (aka the acid test)?
Use the following information to answer the questions: Assets Liabilities and Equity Cash 13,000 Accounts payable 18,000 Marketable securities 2,000 Notes payable 6,000 Accounts receivable 3,000 Current liabilities 24,000 Inventory 27,000 Long-term debt 95,000 Current assets 45,000 Total liabilities 119,000 Machines 34,000 Paid-in capital 20,000 Real estate 80,000 Retained earnings 20,000 Fixed assets 114,000 Equity 40,000 Total assets 159,000 Total liab. & equity 159,000 What is the quick ratio (aka the acid test)?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Use the following information to answer the questions:
| Assets | Liabilities and Equity | |||
| Cash | 13,000 | Accounts payable | 18,000 | |
| Marketable securities | 2,000 | Notes payable | 6,000 | |
| Accounts receivable | 3,000 | Current liabilities | 24,000 | |
| Inventory | 27,000 | Long-term debt | 95,000 | |
| Current assets | 45,000 | Total liabilities | 119,000 | |
| Machines | 34,000 | Paid-in capital | 20,000 | |
| Real estate | 80,000 | 20,000 | ||
| Fixed assets | 114,000 | Equity | 40,000 | |
| Total assets | 159,000 | Total liab. & equity | 159,000 |
What is the quick ratio (aka the acid test)?
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