Multiple Choice
Kingsbury Associates has current assets as follows: Cash $3,000
Accounts receivable $4,500
Inventories $8,000
If Kingsbury has a current ratio of 3.2, what is its quick ratio?
A) 2.07
B) 1.55
C) 0.48
D) 0.96
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q11: Differences in accounting practices limit the use
Q12: Common size financial statements represent all figures
Q13: Storm King Associates has a total asset
Q14: Industry averages indicate what is typical, but
Q15: Sharky's Loan Co. has an annual interest
Q17: If you were given the components of
Q18: On a common size income statement, EBIT
Q19: A firm's average collection period has decreased
Q20: Since 2015, ABC's efficiency at using its
Q21: Which of the following is the best