Using balance sheet what is the quick ratio? BALANCE SHEET ($ in millions) ASSETS LIABILITIES Cash & Marketable Securities 449.90 Accounts Payable 1,611.20 Accounts Receivable 954.80 Salaries Payable 225.20 Inventories 3,645.20 Other Current Liabilities 1,118.80 Other Current Assets 116.60 Total Current Liabilities 2,955.20 Total Current Assets 5,166.50 Other Liabilities 693.40 Machinery & Equipment 1,688.90 Land 1,129.70 Total Liabilities 3,648.60 Buildings 2,348.40 Depreciation (575.60) SHAREHOLDER'S EQUITY Property, Plant & Equip. - Net 4,591.40 Common Stock 828.50 Other Long Term Assets 120.90 Retained Earnings 5,401.70 Total Long-Term Assets 4,712.30 Total Shareholder's Equity 6,230.20 Total Assets 9,878.80 Total Liabilities & Equity 9,878.80
Using balance sheet what is the quick ratio? BALANCE SHEET ($ in millions) ASSETS LIABILITIES Cash & Marketable Securities 449.90 Accounts Payable 1,611.20 Accounts Receivable 954.80 Salaries Payable 225.20 Inventories 3,645.20 Other Current Liabilities 1,118.80 Other Current Assets 116.60 Total Current Liabilities 2,955.20 Total Current Assets 5,166.50 Other Liabilities 693.40 Machinery & Equipment 1,688.90 Land 1,129.70 Total Liabilities 3,648.60 Buildings 2,348.40 Depreciation (575.60) SHAREHOLDER'S EQUITY Property, Plant & Equip. - Net 4,591.40 Common Stock 828.50 Other Long Term Assets 120.90 Retained Earnings 5,401.70 Total Long-Term Assets 4,712.30 Total Shareholder's Equity 6,230.20 Total Assets 9,878.80 Total Liabilities & Equity 9,878.80
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 16MCQ
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Using balance sheet what is the quick ratio?
BALANCE SHEET | ||||
($ in millions) | ||||
ASSETS | LIABILITIES | |||
Cash & Marketable Securities | 449.90 | Accounts Payable | 1,611.20 | |
Accounts Receivable | 954.80 | Salaries Payable | 225.20 | |
Inventories | 3,645.20 | Other Current Liabilities | 1,118.80 | |
Other Current Assets | 116.60 | Total Current Liabilities | 2,955.20 | |
Total Current Assets | 5,166.50 | |||
Other Liabilities | 693.40 | |||
Machinery & Equipment | 1,688.90 | |||
Land | 1,129.70 | Total Liabilities | 3,648.60 | |
Buildings | 2,348.40 | |||
(575.60) | SHAREHOLDER'S EQUITY | |||
Property, Plant & Equip. - Net | 4,591.40 | Common Stock | 828.50 | |
Other Long Term Assets | 120.90 | 5,401.70 | ||
Total Long-Term Assets | 4,712.30 | Total Shareholder's Equity | 6,230.20 | |
Total Assets | 9,878.80 | Total Liabilities & Equity | 9,878.80 | |
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