Calculate current ratio and quick ratio based on following data? Current assets: Cash and cash equivalents...
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Calculate current ratio and quick ratio based on following data? Current assets: Cash and cash equivalents $ 76,000 Marketable securities 110,000 Trade and other receivables 230,000 Inventories 167,000 Prepayments 42,000 S 625,000 Total current assets Non-current assets: Long-term investments $ 450,000 900,000 $ 1,350,000 $ 1,975,000 Fixed assets Total current assets TOTAL ASSETS Current liabilities $ 350,000 900,000 725,000 Non-current liabilities Stockholders' equity TOTAL LIABILITIES & EQUITYS 1,975,000 Calculate current ratio and quick ratio based on following data? Current assets: Cash and cash equivalents $ 76,000 Marketable securities 110,000 Trade and other receivables 230,000 Inventories 167,000 Prepayments 42,000 S 625,000 Total current assets Non-current assets: Long-term investments $ 450,000 900,000 $ 1,350,000 $ 1,975,000 Fixed assets Total current assets TOTAL ASSETS Current liabilities $ 350,000 900,000 725,000 Non-current liabilities Stockholders' equity TOTAL LIABILITIES & EQUITYS 1,975,000
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Related Book For
Accounting What the Numbers Mean
ISBN: 978-1260565492
12th edition
Authors: David Marshall, Wayne McManus, Daniel Viele
Posted Date:
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