Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. assets liabilities and equity cash $ 10,000,000 ac

ASSETS Liabilities and Equity Cash $ 10,000,000 Accounts Payable $25,000,000 Marketable Securities 40,000,000 Accounts receivable,...

80.2K

Verified Solution

Question

Finance

image
image
ASSETS Liabilities and Equity Cash $ 10,000,000 Accounts Payable $25,000,000 Marketable Securities 40,000,000 Accounts receivable, net Inventory Total current assets & Equipment (net fixed assets) Notes Payable & Short 15,000,000 Term Debt 30,000,000 Total current liabilities 35,000,000 Long term debt 90,000,000 Common Stock 65,000,000 150,000,000 1,000,000 187,000,000 Cash in Excess of Par 40,000,000 Retained Earnings 21,000,000 Total assets Total Liabilities and $277,000,000 Equity $277,000,000 What is the firm's quick ratio for 2021? What is the firm's quick ratio for 2021? Select one: O a. 0.92 b. 1.67 O c. 1.35 O d. 0.85 O e. 1.38

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