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Egan Company Has the Following Assets on January 1, 2010

Question 26

Multiple Choice

Egan Company has the following assets on January 1, 2010 and January 1, 2009. Egan Company has the following assets on January 1, 2010 and January 1, 2009. If Egan's quick ratio is 3.00 for 2010, what is the amount of its current liabilities? A) $325,000 B) $256,000 C) $285,000 D) There is not enough information to answer this question. If Egan's quick ratio is 3.00 for 2010, what is the amount of its current liabilities?


A) $325,000
B) $256,000
C) $285,000
D) There is not enough information to answer this question.

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