Use the following information to calculate this firm's quick ratio as of the end of 2022:...

 

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Use the following information to calculate this firm's quick ratio as of the end of 2022: Net Sales Cost of Goods Sold (COGS) Depreciation Expense EBIT Interest Expense EBT Tax Expense Net Income Cash Accounts Receivable Inventory Net Fixed Assets Total Assets Income Statement Accounts Payable Long-term Debt Common Stock Balance Sheet Beginning of 2022 $ $ $ $ $ For the Year 2022 $ $ $ $ $ $ $ $ 3,750 $ 9,140 2,390 100,670 115,950 $ $ $ $ Accumulated Retained Earnin, S 30,900 Total Liabilities and Equity $ 115,950 $ 2,360 $ 75,190 $ 7,500 $ 100,000 77,000 8,435 14,565 2,782 11,783 2,474 9,309 End of 2022 4,500 8,615 2,640 120,500 136,255 3,330 92,725 8,200 32,000 136,255 Note: Report your answer as a number rounded to two decimal points. Use the following information to calculate this firm's quick ratio as of the end of 2022: Net Sales Cost of Goods Sold (COGS) Depreciation Expense EBIT Interest Expense EBT Tax Expense Net Income Cash Accounts Receivable Inventory Net Fixed Assets Total Assets Income Statement Accounts Payable Long-term Debt Common Stock Balance Sheet Beginning of 2022 $ $ $ $ $ For the Year 2022 $ $ $ $ $ $ $ $ 3,750 $ 9,140 2,390 100,670 115,950 $ $ $ $ Accumulated Retained Earnin, S 30,900 Total Liabilities and Equity $ 115,950 $ 2,360 $ 75,190 $ 7,500 $ 100,000 77,000 8,435 14,565 2,782 11,783 2,474 9,309 End of 2022 4,500 8,615 2,640 120,500 136,255 3,330 92,725 8,200 32,000 136,255 Note: Report your answer as a number rounded to two decimal points.

Answer rating: 100% (QA)

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