Consider the following data: Requirements 1. Calculate the quick assets and the quick ratio for each company.

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Consider the following data:

Requirements
1. Calculate the quick assets and the quick ratio for each company.
2. Which of the companies should be concerned about its liquidity?

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Financial Accounting

ISBN: 978-0132889711

1st Canadian Edition

Authors: Jeffrey Waybright, Liang Hsuan Chen, Rhonda Pyper

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Question Posted: Jul 08, 2015 02:34 AM

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Consider the following data: Requirements 1. Calculate the quick assets and the quick ratio for each company.

Question:

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

Financial Accounting

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