Solved

Westbury Pty Ltd Has a Current Ratio of 2 to 1

Question 58

Multiple Choice

Westbury Pty Ltd has a current ratio of 2 to 1 and current liabilities of $22 000.If Westbury Pty Ltd has $10 000 of inventory,the quick asset ratio is:


A) 1.6:1
B) 2.5:1
C) 1:1
D) 1.2:1

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q8: _ analysis is a technique for evaluating

Q51: Vertical analysis is also known as:<br>A)trend analysis<br>B)horizontal

Q52: All of these are efficiency ratios,except:<br>A)asset turnover

Q53: If the debtors turnover ratio changes from

Q55: _ analysis expresses each item in a

Q56: The current ratio is also known as

Q57: If creditors allow 30 days from the

Q59: If the stock market price of a

Q60: Which of the following categories of ratios

Q61: Explaining why the ROA (return on assets)ratio