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:

B COMPANY Cash . Short-term Investments. Net Current Receivables. Total Current Assets.. Current Liabilities.. D $ 9,200

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

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Financial Accounting

ISBN: 978-0134436111

4th edition

Authors: Robert Kemp, Jeffrey Waybright

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Question Posted: Nov 17, 2017 09:03 AM

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

Question:

B COMPANY Cash . Short-term Investments. Net Current Receivables. Total Current Assets.. Current Liabilities.. D $ 9,200 7,200 $ 6,000 2,400 $2,000 1,400 $10,600 5,500 10,800 22,600 8,800 13,500 31,500 36,000 12,100 32,500 16,000 8,700 4,500

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Req 1 A B C D Cash 9200 6000 2000 10600 Shortterm inve...View the full answer

Financial Accounting

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