Cash Accounts Receivable Marketable Securities Inventories Prepaid Other Current Assets Total Current Assets Total Current...
80.2K
Verified Solution
Link Copied!
Question
Accounting
Cash Accounts Receivable Marketable Securities Inventories Prepaid Other Current Assets Total Current Assets Total Current Liabilities $ 12,000 SI 8.000 514.000 $ 15,000 $ 1.000 $1.500 $ 41,500 $ 10,000 Use the information above. What is the quick ratio? Select one e a 4.15 to 1 O b.3.9 to 1 O c20 to 1 dnone of the above Sales Cost of Goods Sold Operating Expenses Income Taxes Net Income Dollars 2005 2004 $ 450,000 $ 500,000 $ 300,000 $ 380,000 $ 80,000 $ 60,000 $ 30,000 $ 25,000 $ 40,000 $ 35,000 Component Percentage 2005 2004 100.0% 100.0% A 26.046 17.89 B 6.7% 5.0% 8.8% 7.0% Use the information above. Calculate the component percentages of (A) and (8), Select one O a 66.7% and 12.0%, respectively O b. 66.7% and 13.0%, respectively O c. 84 4% and 120%, respectively d. 66 7% and 16.0%, respectively
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: Zin AI - Your personal assistant for all your inquiries!