Calculate quick ratio ASSETS Cash Accounts Receivable Inventory Net Plant and Equipment Total Assets Accounts Payable Accrued

Calculate quick ratio

 

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ASSETS Cash Accounts Receivable Inventory Net Plant and Equipment Total Assets Accounts Payable Accrued Expenses LIABILITIES AND STOCKHOLDERS' EQUITY Long-Term Debt Common Stock Paid-In Capital Retained Earnings Total Liabilities and Stockholders Equity Sales (all on credit) Cost of Goods Sold MEGAFRAME COMPUTER COMPANY Balance Sheet As of December 31, 2009 Operating Profit Interest Expense Profit before Taxes Taxes (30%) Net Income Gross Profit Sales and Administrative Expense Depreciation 0 11 O 151 O 12:1 $ 50,000 70,000 110,000 220.000 $450.000 Refer to the figure above. Megaframe's quick ratio is 021 S 70.000 50.000 130.000 70.000 MEGAFRAME COMPUTER COMPANY Income Statement For the Year Ended December 31, 2009, 40,000 90,000 $450.000 $875.000 600,000 275.000 30.000 55.000 190,000 25,000 165.000 49.500 $115,500 ASSETS Cash Accounts Receivable Inventory Net Plant and Equipment Total Assets Accounts Payable Accrued Expenses LIABILITIES AND STOCKHOLDERS' EQUITY Long-Term Debt Common Stock Paid-In Capital Retained Earnings Total Liabilities and Stockholders Equity Sales (all on credit) Cost of Goods Sold MEGAFRAME COMPUTER COMPANY Balance Sheet As of December 31, 2009 Operating Profit Interest Expense Profit before Taxes Taxes (30%) Net Income Gross Profit Sales and Administrative Expense Depreciation 0 11 O 151 O 12:1 $ 50,000 70,000 110,000 220.000 $450.000 Refer to the figure above. Megaframe's quick ratio is 021 S 70.000 50.000 130.000 70.000 MEGAFRAME COMPUTER COMPANY Income Statement For the Year Ended December 31, 2009, 40,000 90,000 $450.000 $875.000 600,000 275.000 30.000 55.000 190,000 25,000 165.000 49.500 $115,500

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