The December 31, 2016, balance sheet of Schuster Company includes the following information: Cash $ 120,000 Short-term Investments 60,000 Accounts Receivable 340,000 Inventory 360,000 Prepaid Expenses 80,000 Current Liabilities 300,000 Total Liabilities 1,200,000. 

What is Schuster's quick ratio at December 31, 2016?

Answer rating: 100% (QA)

The quick ratio is calculated as follows Quick Ratio Cash Sho... View the full answer