Solved

A Company's Current Assets Are $17,980,its Quick Assets Are $11,420

Question 131

Multiple Choice

A company's current assets are $17,980,its quick assets are $11,420 and its current liabilities are $12,190.Its quick ratio equals:

A) 0.94.
B) 1.07.
C) 1.48.
D) 1.57.
E) 2.40.

Related Questions

Q15: The credit terms 2/10, n/30 are interpreted

Q29: The amount recorded for merchandise inventory includes

Q121: Which of the following accounts would be

Q124: Fill in the blanks (a)through (g)for the

Q125: Johnnycake Restaurant uses a periodic inventory system.Prepare

Q126: A buyer failed to take advantage of

Q128: A company has sales of $695,000 and

Q130: A company had net sales of $752,000

Q155: A company's net sales are $775,420, its

Q225: Non-operating activities that include interest, dividend, and