Solved

Larry's Lounge Has Cash of $1,670, Accounts Receivable of $610

Question 232

Multiple Choice

Larry's Lounge has cash of $1,670, accounts receivable of $610, accounts payable of $2,900, and inventory of $3,690. What is the value of the quick ratio?


A) .58
B) .62
C) .79
D) 2.06
E) 2.13

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q101: An increase in which one of the

Q227: Which of the following is NOT a

Q228: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7297/.jpg" alt=" What

Q229: Calculate the value of long-term debt given

Q231: BD Hydro increases its operating efficiency such

Q233: On the statement of cash flows, the

Q234: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7297/.jpg" alt=" Calculate

Q235: The _ breaks down return on equity

Q236: Which of the following is not a

Q237: Without making reference to its formula, provide