Multiple Choice
You have the following information on Olivia's Bridle Shop: total liabilities and equity = $65 million, current liabilities = $10 million, inventory = $15 million, and quick ratio = 3 times. Using this information, what is the balance for fixed assets on Olivia's balance sheet?
A) $20m.
B) $40m.
C) $45m.
D) $135m.Quick ratio (acid-test ratio) = 3 times =
Correct Answer:
Verified
Correct Answer:
Verified
Q4: Which of the following statements is correct?<br>A)
Q17: Last year Umbrellas Unlimited Corporation had an
Q43: Last year Mocha Java, Inc. had an
Q49: Which ratio measures the number of dollars
Q68: Which of the following ratios measure how
Q95: Paige's Purses, Inc. reported a debt to
Q121: Green Products, Inc. has current liabilities =
Q124: Ernie's Mufflers has current liabilities of $45
Q127: A strong liquidity position means that<br>A) the
Q129: You have the following information on Marco's