Question: Cullumber Electronics has a quick ratio of 1.20, current liabilities of $5,368,000, and inventories of $6,141,700. What is the firms current ratio? (Round answer to

Cullumber Electronics has a quick ratio of 1.20, current liabilities of $5,368,000, and inventories of $6,141,700. What is the firms current ratio? (Round answer to 2 decimal places, e.g. 12.25.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

In evaluating the performance ( returns ) of a U . S . Large Cap Stock Mutual Fund, the index / benchmark that would be least appropriate for comparisons sake would be _ _ _ _ _ . Group of answer...

Laurel Electronics has a quick ratio of 1.41, current liabilities of $4,462,163, and inventories of $7,863,700. What is the firms current ratio? (Round answer to 2 decimal places, e.g. 12.25.)

Laurel Electronics has a quick ratio of 1.26, current liabilities of $5,068,163, and inventories of $8,713,100. What is the firms current ratio? (Round answer to 2 decimal places, e.g. 12.25.) The...

Laurel Electronics has a quick ratio of 1.40, current liabilities of $4,055,163, and inventories of $8,586,000. What is the firms current ratio? (Round answer to 2 decimal places, e.g. 12.25.) The...

Question 11 Sunland Electronics has a quick ratio of 1.35, current liabilities of $5,375,000, and inventories of $6,707,600. What is the firm's current ratio? (Round answer to 2 decimal places, e.g....

Ivanhoe Electronics has a quick ratio of 1.15, current liabilities of $5,395,000, and inventories of $6,151,400. What is the firms current ratio? (Round answer to 2 decimal places, e.g. 12.25.)...

Blossom Electronics has a quick ratio of 1.10, current liabilities of $5,311,000, and inventories of $4,000,000. What is the firm's current ratio? (Round answer to 2 decimal places, e.g. 12.25.)...

Pharoah Electronics has a quick ratio of 1.35, current liabilities of $5,348,000, and inventories of $6,064,200. What is the firm's current ratio? (Round answer to 2 decimal places, e.g. 12.25.)...

Crane Electronics has a quick ratio of 1.25, current liabilities of $5,381,000, and inventories of $8,612,500. What is the firms current ratio? (Round answer to 2 decimal places, e.g. 12.25.) Current...

Problem 4.14 (Solution Video) Sandhill Electronics has a quick ratio of 1.45, current liabilities of $5,330,000, and inventories of $6,727,900. What is the firms current ratio? (Round answer to 2...

Mrs. Litt has also recently inherited a house on West Terrace and its contents from her late aunt, the property was acquired in 1990 for $1.2m and has a current market value of $3.5m. Her aunt was...

At right is the graph of the quadratic function that passes through (-2.4, 0), (0.8, 0), and (1.2, -2.592). a. Use the x-intercepts to write the quadratic function in factored form. For now, leave...

Arbitration, in comparison to mediation, has the advantage of: a neutral, third party faster less expensive ahways getting a decision the use of attorneys

A company is preparing completing their Cash Budget. The following data has been prepared for cash receipts and payments. January February March Cash receipts $1,061,200 $1,182,400 $1,091,700 Cash...