Multiple Choice
A firm has the following balance sheet information: total assets = $100,000; current assets = $30,000; inventories = $10,000; cash = $5,000; total liabilities = $30,000; current liabilities = $15,000; and notes payable = $2,000. What is the firm's quick ratio?
A) 1.00
B) 1.11
C) 1.22
D) 1.33
Correct Answer:
Verified
Correct Answer:
Verified
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