A company has $33,000 in cash and cash equivalents, $82,000 in short term investments, $129,000 in net current receivables, $58,000 in inventory, $10,000 of prepaid insurance and $13,000 of supplies. The total current liabilities of the firm are $299,000.

 What is the quick ratio of the company?

Answer rating: 100% (QA)

To calculate the quick ratio we consider only those current assets that are easily convertible int... View the full answer