Multiple Choice
From the information given below,calculate the quick ratio. Particulars
Amount (in $)
Particulars
Amount (in $)
Cash
20,000
Accounts payable
11,000
Notes receivable
15,000
Wages payable
5,000
Stock
5,000
Retained earnings
20,000
Inventory
6,000
Notes Payable
8,000
A) .83 times
B) 1.25 times
C) 1.63 times
D) 1.08 times
Correct Answer:
Verified
Correct Answer:
Verified
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