Calculate the Quick Ratio using the following information: Cash Short Term Investments Accounts Receivable Inventory Other Current Assets Total Current Assets Long Term Assets Current Liabilities Long Term Liabilities 2.00 2.30 2.50 2.45 5,000 1,000 2,000 1,200 600 9,800 12,000 4,000 3,000

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 13MCQ
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Calculate the Quick Ratio using the following information:
Cash
Short Term Investments
Accounts Receivable
Inventory
Other Current Assets
Total Current Assets
Long Term Assets
Current Liabilities
Long Term Liabilities
2.00
2.30
O 2.50
O
2.45
5,000
1,000
2,000
1,200
600
9,800
12,000
4,000
3,000
Transcribed Image Text:Calculate the Quick Ratio using the following information: Cash Short Term Investments Accounts Receivable Inventory Other Current Assets Total Current Assets Long Term Assets Current Liabilities Long Term Liabilities 2.00 2.30 O 2.50 O 2.45 5,000 1,000 2,000 1,200 600 9,800 12,000 4,000 3,000
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