Consider the following data: Requirements 1. Calculate the quick assets and the quick ratio for each company.
Question:
Requirements
1. Calculate the quick assets and the quick ratio for each company.
2. Which of the companies should be concerned about its liquidity?
Transcribed Image Text:
Cash.. Short-term Investments.. Net Receivables.. Current Liabilities... $93,000 $67,000 $23,000 $111,000 27,000 18,000 126,000 10,000 54,000 144,000 335,000 280,000 35,000 220,000 75,000 49,000
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1 A B C D Cash 93000 67000 23000 111000 Shortterm investments 75000 27000 18000 49000 Net receivabl...View the full answer
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Related Book For
Financial Accounting
ISBN: 978-0132889711
1st Canadian Edition
Authors: Jeffrey Waybright, Liang Hsuan Chen, Rhonda Pyper
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