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Walker Company Has the Following Assets on January 1, 2010

Question 87

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Walker Company has the following assets on January 1, 2010 and January 1, 2009.
Walker Company has the following assets on January 1, 2010 and January 1, 2009. If Walker's quick ratio is 3.00 for 2010, what is the amount of its current liabilities? a. $325,000 b. $259,000 c. $285,000 d. There is not enough information to answer this question. If Walker's quick ratio is 3.00 for 2010, what is the amount of its current liabilities?
a. $325,000
b. $259,000
c. $285,000
d. There is not enough information to answer this question.

Correct Answer:

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Quick ratio = ($439 ...

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