XYZ Corporation has the following Accounting data: • Quick Ratio: 1.25 Cash: $85,000 Accounts Receivable: $110,000 Short-term Investments: $55,000 Inventory: $175,000 Total Assets: $650,000 ⚫ Long-term Debt: $200,000 What are XYZ Corporation's Current Liabilities?

XYZ Corporation has the following Accounting data: • Quick Ratio: 1.25 Cash: $85,000 Accounts Receivable: $110,000 Short-term Investments: $55,000 Inventory: $175,000 Total Assets: $650,000 ⚫ Long-term Debt: $200,000 What are XYZ Corporation's Current Liabilities?

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 2P: Vigo Vacations has $200 million in total assets, $5 million in notes payable, and $25 million in...

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Question

Please explain the solution to this general accounting problem with accurate principles.

XYZ Corporation has the following Accounting data:
•
Quick Ratio: 1.25
Cash: $85,000
Accounts Receivable: $110,000
Short-term Investments: $55,000
Inventory: $175,000
Total Assets: $650,000
⚫ Long-term Debt: $200,000
What are XYZ Corporation's Current Liabilities?

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