Using the balance sheet provided, what is the decimal value for the XYZ Company Balance Sheet Assets Liabilities quick ratio? Cash $45,000 Notes $55,000 Inventory $41,000 Property $134,000 quick ratio = [?] Round to the nearest tenth. Wages $56,000 %3D Equity Stock $50,000 Investment $59,000 Total Assets: Total Liabilities + Equity:

College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter24: Analysis Of Financial Statements
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Using the balance sheet
provided, what is the
decimal value for the
XYZ Company
Balance Sheet
Assets
Liabilities
quick ratio?
Cash
$45,000
Notes
$55,000
Inventory $41,000
Property
quick ratio = [ ?]
Round to the nearest tenth.
Wages
$56,000
$134,000
Equity
Stock
$50,000
Investment $59,000
Total Assets:
Total Liabilities + Equity:
Enter
2003 - 2022 International Academy of Science. All Rights Reserved.
Transcribed Image Text:Using the balance sheet provided, what is the decimal value for the XYZ Company Balance Sheet Assets Liabilities quick ratio? Cash $45,000 Notes $55,000 Inventory $41,000 Property quick ratio = [ ?] Round to the nearest tenth. Wages $56,000 $134,000 Equity Stock $50,000 Investment $59,000 Total Assets: Total Liabilities + Equity: Enter 2003 - 2022 International Academy of Science. All Rights Reserved.
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