Question: Given the following information, compute the current and quick ratios: Cash $ 80,000 Accounts receivable 304,000 Inventory 437,000 Current liabilities 519,000 Long-term debt 663,000 Equity

Given the following information, compute the current and quick ratios:

Cash $ 80,000
Accounts receivable 304,000
Inventory 437,000
Current liabilities 519,000
Long-term debt 663,000
Equity 583,000

Round your answers to two decimal places.

Current ratio: :1

Quick ratio: :1

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!

Q:

1) 2) 3) 4) 5) 5 continued... Given the following information, compute the current and quick ratios: Cash $ Accounts receivable 110,000 315,000 459,000 525,000 Inventory Current liabilities Long-term...

Q:

Given the following information, compute the current and quick ratios: Cash $ 80,000 Accounts receivable 328,000 Inventory 500,000 Current liabilities 513,000 Long-term debt 581,000 Equity 601,000...

Q:

Problem 9-08 Given the following information, compute the current and quick ratios: Cash $ Accounts receivable Inventory 100,000 327,000 486,000 451,000 650,000 Current liabilities Long-term debt...

Q:

Given the following information, compute the current and quick ratios: Cash $ 120,000 Accounts receivable 379,000 Inventory 493,000 Current liabilities 450,000 Long-term debt 631,000 Equity 626,000...

Q:

Given the following information, compute the current and quick ratios: Cash Accounts receivable Inventory Current liabilities Long-term debt Equity $ 110,000 325,000 453,000 531,000 649,000 590,000...

Q:

Ch 09: End-of-Chapter ack to Assignment Average / 2 Attempts 8. Problem 9-08 3 eBook Problem 9-08 Given the following information, compute the current and quick ratios: Cash Accounts receivable...

Q:

Given the following information, compute the current and quick ratios: Cash Accounts receivable Inventory Current liabilities Long-term debt Equity $ 120,000 391,000 438,000 523,000 637,000 613,000...

Q:

Given the following information, compute the current and quick ratios: Cash $ 100,000 Accounts receivable 392,000 Inventory 470,000 Current liabilities 499,000 Long-term debt 583,000 Equity 589,000...

Q:

Problem 9-08 Given the following information, compute the current and quick ratios: Cash $ 100,000 Accounts receivable 323,000 Inventory 439,000 Current liabilities 486,000 Long-term debt 591,000...

Q:

Back to Assignment Attempts Average / 2 8. Problem 9-08 eBook Problem 9-08 Given the following information, compute the current and quick ratios: Cash Accounts receivable Inventory Current...

Q:

The following expression describe a perfectly competitive labor market The labor supply is SLAE$300 $0000375L The marginal revenue product of labor curve is MRPL$13000000433L a Find the optimal...

Q:

C).Show that L-1 Is++4a*, 2a (Sin hat sin at)

Q:

Master auto parts has a standard labor rate of 1 0 . 5 0 per hour. How much is Master auto parts' actual labor rate per hour?

Q:

a french furniture maker agree to purchase wood stain from a us paint manufacturer. if all payment are to be made in us dollar , which company bear the risk of exchange rate gains and losses ? please...