A company has assets of $40,000, cash equivalents of $20,000, short-term investments of $4,000, and $20,000 in receivables. Its current liabilities are $60,000. What is the company's quick ratio? O A. 1.4 В. 1.2 O C. 0.8 D. 0.6

A company has assets of $40,000, cash equivalents of $20,000, short-term investments of $4,000, and $20,000 in receivables. Its current liabilities are $60,000. What is the company's quick ratio? O A. 1.4 В. 1.2 O C. 0.8 D. 0.6

Name: A company has assets of $40,000, cash equivalents of $20,000, short-t
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Description: A company has assets of $40,000, cash equivalents of $20,000, short-terminvestments of $4,000, and $20,000 in receivables. Its current liabilities are$60,000. What is the company's quick ratio?О А. 1.4В. 1.2O C. 0.8O D. 0.6

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 15MCQ: Hummel Inc. has $30,000 in current assets and $15,000 in current liabilities. What is Hummels...

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