12. A company has $8,000 in cash, $9,250 in accounts receivable, and $19,500 in inventory. If current liabilities are $14,350, then the quick ratio would be a. 5.0 to 1 b. 2.6 to 1 c. 2.0 to 1 d. 1.2 to 1
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The quick ratio, also known as the acid-test ratio, measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated by dividing the sum of cash, marketable securities, and accounts receivable by the current Show more…
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Answer the following. a. What is the quick ratio if cash is $10,000, accounts receivable are $25,000, inventories are $30,000, accounts payable are $40,000, and accrued payroll is $15,000? A. 0.73 B. 1.18 C. 0.64 D. 1.13 E. 2.00
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11. The current ratio BM Ltd, is 2:1, while quick ratio is 1.80:1. If the current liabilities are Rs. 40,000, the value of stock will be : (a) Rs. 6,400 (c) Rs. 10,000 (b) Rs. 8,000 (d) Rs. 12,000
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A company's January 1, 2019 balance sheet reported total assets of $116,000 and total liabilities of $43,000. During January 2019, the following transactions occurred: (A) the company issued stock and collected cash totaling $26,000; (B) the company paid an account payable of $5,600; (C) the company purchased supplies for $2,400 with cash; (D) the company purchased land for $46,000, paying $13,000 with cash and signing a note payable for the balance. What is the total stockholders' equity after the transactions above? Multiple Choice A) $73,000. B) $99,000. C) $26,000. D) $192,400.
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