The current assets of Kingsbury Associates are as follows: Cash 1.000 $ Accounts receivable $4,500 Stocks $8,000

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The current assets of Kingsbury Associates are as follows:

Cash 1.000 $

Accounts receivable $4,500

Stocks $8,000

If Kingsbury's current ratio is 1.1, what is the quick ratio?

Related Book For answer-question

Intermediate Accounting

ISBN: 9781264134526

11th Edition

Authors: David Spiceland

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Posted Date: Jun 07, 2023 07:46 AM

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The current assets of Kingsbury Associates are as follows: Cash 1.000 $ Accounts receivable $4,500 Stocks $8,000

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The current ratio is calculated by dividing current assets by current liabilities where current asse... View the full answer

Intermediate Accounting

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