Some selected financial statement items belonging to Fanar Company are given in the table below. According to this information, which of the following is the Quick Ratio? Inventory 11,500 Current Assets 63,000 Current Liabilities 20,000 Non-current Assets 90,000 Net Profit 13,000 Shareholders' Equity 65,000 Select one: a. 2.63 b. 2.58 c. 1.99 d. 0.91
Some selected financial statement items belonging to Fanar Company are given in the table below. According to this information, which of the following is the Quick Ratio? Inventory 11,500 Current Assets 63,000 Current Liabilities 20,000 Non-current Assets 90,000 Net Profit 13,000 Shareholders' Equity 65,000 Select one: a. 2.63 b. 2.58 c. 1.99 d. 0.91
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Some selected financial statement items belonging to Fanar Company are given in the table below. According to this information, which of the following is the Quick Ratio?
Inventory 11,500
Current Assets 63,000
Current Liabilities 20,000
Non-current Assets 90,000
Net Profit 13,000
Shareholders' Equity 65,000
Select one:
a. 2.63
b. 2.58
c. 1.99
d. 0.91
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