Question: 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

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.) Current ratio?

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!

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.)

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.)...

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...

Sandhill Electronics has a quick ratio of 1.30, current liabilities of $5,395,000, and inventories of $5,320,700. What is the firm's current ratio? (Round answer to 2 decimal places, e.g. 12.25.)...

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....

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...

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.)

PRINTEVERSION BACK NEXT Question 11 Sunland Electronics has a quick ratio of 1.45, current liabilities of $5,340,000, and inventories of $4,638,200. What is the firm's current ratio? (Round answer to...

Question 11 x Your answer is incorrect. Try again. Blossom Electronics has a quick ratio of 1.10, current liabilities of $5,316,000, and inventories of $4,344,000. What is the firm's current ratio?...

Carla Vista Electronics has a quick ratio of 1.15, current liabilities of $5,354,000, and inventories of $6,718,200. What is the firms current ratio? Question 11 Carla Vista Electronics has a quick...

In a behavioral study of the fruit fly Drosophila melanogaster, a biologist measured, for individual flies, the total time spent preening during a 6-minute observation period. The following are the...

A metal plate of area 1 x 10 -4 m 2 is illuminated by a radiation of intensity 16mW/m 2 . The word function of the metal is 5 eV. The energy of the incident photon is 10eV and only 10% of it produces...

[ Refer to Lesson 1 ] Why is the Information Security policy critical to the success of the Information Security program? [ Refer to Lesson 2 ] List the functions that constitute a complete...

Find the radius of gyration of a plate covering the region bounded by x=3, x=5, y=0, and y=4 with respect to the y-axis.

Identify an example of puffery in the advertisement for the Power Zapper.

Make a list of the forms of mass communication you use most often. Include newspapers, magazines, television programs, types of fi lms, radio stations, and so forth. How do your choices of mass...

To what extent, if any, should there be control over the violence presented in media? Do you think viewers, especially children, are harmed by the prevalence of violence in media? Are you concerned...