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Using the balance sheet provided, what is the decimal value for the XYZ Company Balance Sheet Assets Liabilities quick ratio? Cash $15,000 Notes $35,000 Inventory $61,000 Property $114,000 quick ratio = [?] Round to the nearest tenth. Wages $56,000 Equity Stock $50,000 Investment $39,000 Total Assets: Total Liabilities + Equity:

Using the balance sheet provided, what is the decimal value for the XYZ Company Balance Sheet Assets Liabilities quick ratio? Cash $15,000 Notes $35,000 Inventory $61,000 Property $114,000 quick ratio = [?] Round to the nearest tenth. Wages $56,000 Equity Stock $50,000 Investment $39,000 Total Assets: Total Liabilities + Equity:

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
22nd Edition
ISBN:9781305666160
Author:James A. Heintz, Robert W. Parry
Publisher:James A. Heintz, Robert W. Parry
Chapter15: Financial Statements And Year-end Accounting For A Merchandising Business
Section: Chapter Questions
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Using the balance sheet provided, what is the decimal value for the XYZ Company Balance Sheet Assets Liabilities quick ratio? Cash $15,000 Notes $35,000 quick ratio = [?] Round to the nearest tenth. Inventory $61,000 Wages $56,000 Property $114,000 Equity Stock $50,000 Investment $39,000 Total Assets: Total Liabilities + Equity: Enter Tht 2003 - 2022 International Academy of Science. All Rights Reserved.
Transcribed Image Text:Using the balance sheet provided, what is the decimal value for the XYZ Company Balance Sheet Assets Liabilities quick ratio? Cash $15,000 Notes $35,000 quick ratio = [?] Round to the nearest tenth. Inventory $61,000 Wages $56,000 Property $114,000 Equity Stock $50,000 Investment $39,000 Total Assets: Total Liabilities + Equity: Enter Tht 2003 - 2022 International Academy of Science. All Rights Reserved.
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