XYZ Company Balance Sheet Assets Cash $10,000 Notes Inventory $61,000 Wages Property $110,000 Liabilities Equity Stock $65,000 $76,000 $50,000 Investment $39.000 Total Assets: Total Liabilities + Equity Using the balance shee provided, what is the decimal value for the quick ratio? quick ratio=[?] Round to the nearest tenth. Enter

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
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XYZ Company
Balance Sheet
Assets
Cash
$10,000
Notes
Inventory $61,000 Wages
Property $110.000
Liabilities
Equity
Stock
$65,000
$76,000
$50.000
Investment $39.000
Total Assets: Total Liabilities + Equity
Using the balance sheet
provided, what is the
decimal value for the
quick ratio?
quick ratio = []
Round to the nearest tenth.
Copyright © 2003-2022 International Academy of Science. All Rights
Focus
Enter
Ax
Transcribed Image Text:alysis XYZ Company Balance Sheet Assets Cash $10,000 Notes Inventory $61,000 Wages Property $110.000 Liabilities Equity Stock $65,000 $76,000 $50.000 Investment $39.000 Total Assets: Total Liabilities + Equity Using the balance sheet provided, what is the decimal value for the quick ratio? quick ratio = [] Round to the nearest tenth. Copyright © 2003-2022 International Academy of Science. All Rights Focus Enter Ax
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