Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. for questions 19-20 - refer to the information bel

For Questions 19-20 - refer to the information below are selected data from the balance...

60.1K

Verified Solution

Question

Accounting

For Questions 19-20 - refer to the information below are selected data from the balance sheet of Compros, a small electronics store (dollar amounts are in thousands):

Cash $75

Accounts Receivable $135

Inventory $240

Total Assets $900

Current Liabilities $300

Noncurrent Liabilities $375

What is the quick ratio?

Group of answer choices

1.5 to 1

.7 to 1

.45 to 1

.2 to 1

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

Statistics
1.2K views

Motorola used the normal distribution to determine the probability of defects and the number of defects...

Chemistry
1.2K views

A Carnot cycle uses 1.00 mol of a monoatomic perfect gas as the working substance from...

Physics
1.2K views

A 515-Hz tuning fork is struck and placed next to a tube with a movable piston,...

Basic Math
1.2K views

Closing Entries After the accounts have been adjusted at March 31 the end of the...

Basic Math
1.2K views

Simplify the following expression.64 -1/3

Algebra
1.2K views

If a b a 2ab b then the middle term of 7x 4 2 O...

Accounting
1.2K views

You are a manager that oversees the expenditure module and all expenditure functions at...

Accounting
1.2K views

addition1Tempo Company's fixed budget (based on sales of 12,000 units) folllows. Compute total varlable...

Accounting
1.2K views

Un comprador que utiliza un sistema de inventario perpetuo registra el costo de envo de...

Accounting
1.2K views

Below are departmental income statements for a guitar manufacturer. The manufacturer is considering eliminating its...

Finance
1.2K views

Question 19 5 pts Using your financial calculator, calculate the monthly payments to pay off...

Finance
1.2K views

Arshadi Corp.'s sales last year were $52,000, and its total assets were $22,000. What was...