Don't use ai given answer accounting questions XYZ Company has the following financial information:⚫ Quick assets: $3,420,000⚫ Current assets: $7,600,000••⚫ Current liabilities: $4,500,000XYZ Company's acid-test ratio equals:a. 0.45b. 0.76c. 1.69d. 0.95

Step 1: Definition of Acid-Test Ratio (Quick Ratio)The Acid-Test Ratio, also known as the Quick…

Answered: XYZ Company has the following financial…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 15MCQ: Hummel Inc. has $30,000 in current assets and $15,000 in current liabilities. What is Hummels...

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ABC Corporation's total quick assets were $5,888,000, its current assets were $11,700,000, and its current liabilities were $8,000,000. Its acid-test ratio equals: a. 0.50 b. 0.68 c. 0.74 d. 1.50 e. 2.20
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Reynoso Manufacturing has a current ratio of 1.42:1 and current assets of $643 million. What are their current liabilities? O $913.1 million $381.4 million O $643 million O $452.8 million
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Thickburger's net fixed assets = $200,000, total assets = $400,000, inventory =$50,000 and current liabilities = $100,000. All assets are classified as beingeither "current assets" or "fixed assets". What is the firm's current ratio?b. What is Thickburger's quick ratio?
Based on the following information from Repicor Company’s balance sheet, what is Repicor Company’s current ratio? Current assets . . . . . $ 75,000 Investments . . . . . . . 30,000 Plant assets . . . . . . . 300,000 Current liabilities . . . . . . $ 50,000 Long-term liabilities . . . . 60,000 D. Repicor, Capital . . . . . 295,000 a. 2.10 d. 0.95 b. 1.50 e. 0.67 c. 1.00
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Southern Style Realty has total assets of S485, 390, net fixed assets of $250,000, current liabilities of S 23,456, and long-term liabilities of $148.000. What is the total debt ratio? Multiple Choice .30.35.69.53.68.

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XYZ Company has the following financial information: ⚫ Quick assets: $3,420,000 ⚫ Current assets: $7,600,000 • • ⚫ Current liabilities: $4,500,000 XYZ Company's acid-test ratio equals: a. 0.45 b. 0.76 c. 1.69 d. 0.95