The recent Balance Sheet for Cupcake Palooza included the following information: Cash: 860 Short-term investments:...
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Accounting
The recent Balance Sheet for Cupcake Palooza included the following information: Cash: 860 Short-term investments: 631 Net Receivables: 340 Inventory: 304 Prepaid Expenses: 484 Total Assets: 11305 Current Liabilities: 467 Total Liabilities: 10550 Net Income After Tax: 191 Based on this information, what is the quick ratio for the company (to the nearest one decimal place)? Express your response as a number with one decimal place. For example, write 12.8 if you think the quick ratio is 12.8
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