Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. liquidity ratios: laurel electronics has a quick r

Liquidity ratios: Laurel Electronics has a quick ratio of 1.15, current liabilities of $5,311,020, and...

60.1K

Verified Solution

Question

Accounting

Liquidity ratios: Laurel Electronics has a quick ratio of 1.15, current liabilities of $5,311,020, and inventories of $7,121,599. What is the firms current ratio?

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

Finance
1.2K views

You are a real estate agent thinking of placing a sign advertising your services at a...

Basic Math
1.2K views

A large wheel is attached to a boat and spins as the boat moves. A rock...

Biology
1.2K views

Please TYPE your answer What did students learn from their experiences in microbiology course that will continue...

Psychology
1.2K views

Explain why philosophy of science postulates that a model “is a simplified representation of a theory”

Physics
1.2K views

The principle of conservation of energy implies that the amount of energy remains the same...

Physics
1.2K views

A charged particle having charge q and mass m is projected into a region of...

Geometry
1.2K views

5 4 3 2 LO 5 4 NW 3 2 1 2 CO 4 5...

Accounting
1.2K views

A. The company sells each system for $380. Actual sales for November 2022 were 100...

Accounting
1.2K views

The tax forms available for conducting a business entity include the:? Sole proprietorship. Partnership. Corporation....

Accounting
1.2K views

Identify which of the following is an example of an unobservable input: Stock prices of...

Accounting
1.2K views

The Regal Cycle Company manufactures three types of bicycles-a dirt bike, a mountain bike, and...

Accounting
1.2K views

20. Which of the following companies would least likely use a process costing system? ...