Question: What is the Quick ratio if current assets are $ 5 2 4 , 0 3 3 , current liabilities are $ 2 7 2

What is the Quick ratio if current assets are $ 524,033, current liabilities are $ 272934, and inventory is $197333?
a.
1.51
b.
1.20
c.
1.91
d.
1.19

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 Accounting Questions!