Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a company has current assets of cash of $40,000; a

A company has current assets of Cash of $40,000; Accounts Receivable of $80,000; and Inventory...

50.1K

Verified Solution

Question

Accounting

A company has current assets of Cash of $40,000; Accounts Receivable of $80,000; and Inventory of $60,000. The total of its current liabilities is $120,000 and the total amount of its liabilities is $290,000. Given this information, the companys quick ratio is

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Calculus
1.2K views

Dylan invested $700 in an account paying an interest rate of 1(3/4) % compounded quarterly....

Finance
1.2K views

A firm's bonds have a maturity of 10 years with a $1,000 face value, have an...

Basic Math
1.2K views

6. Provide example of your own research question. Formulate hypothesis for your research question and independent...

Physics
1.2K views

x x 51 5 n 4 tan n Which of following can not be polarised...

Geometry
1.2K views

Let 2 1 1 B 1 2 3 A 0 02 2 13 2 points...

Basic Math
1.2K views

For f x x 3 and g x 2x 3 find the following functions a...

Basic Math
1.2K views

A cooler contains twelve sports drinks six lemon lime and six orange Four of the...

Statistics
1.2K views

b Which of the following is the correct normal probability plot for the data above...

Calculus
1.2K views

An object sits on a frictionless surface A 16 N force is applied to the...

Accounting
1.2K views

The following information was drawn from the year-end balance sheets of Fanning Trading Company Account...

Accounting
1.2K views

Based on the following transactions, answer the following questions. i. Purchased inventory...

Finance
1.2K views

Problem 15-11 WACC and Optimal Capital Structure F. Pierce Products Inc. is considering changing its...