Calculate the quick ratio based on the following information: cash = $23,860; accounts receivable = $32,107; prepared = $4020; supplies = $816; equipment = $72,250; accumulated depreciation = 24,850; accounts payable = 39,000. Round to two decimal places.

Calculate the quick ratio based on the following information: cash = $23,860; accounts receivable = $32,107; prepared = $4020; supplies = $816; equipment = $72,250; accumulated depreciation = 24,850; accounts payable = 39,000. Round to two decimal places.

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 44E: Whalen Company had net sales of 125,500,250,000. Whalen had the following balances: Required: Note:...

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Calculate the quick ratio based on the following information: cash =
$23,860; accounts receivable = $32,107; prepared = $4020; supplies
= $816; equipment = $72,250; accumulated depreciation = 24,850;
accounts payable = 39,000. Round to two decimal places.

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