Quick ratio? Cash $100,000 Accounts receivable $357,000 Inventory $458,000 Current Liabilities $498,000 Long term debt $610,000 Equity $598,000

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 18MCQ
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Quick ratio?
Cash
$100,000
Accounts receivable $357,000
Inventory
$458,000
Current Liabilities $498,000
Long term debt
$610,000
Equity
$598,000
Transcribed Image Text:Quick ratio? Cash $100,000 Accounts receivable $357,000 Inventory $458,000 Current Liabilities $498,000 Long term debt $610,000 Equity $598,000
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