Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. use the following to answer questions 34-35: shown

Use the following to answer questions 34-35: Shown below are selected data from the balance...

60.1K

Verified Solution

Question

Accounting

image
Use the following to answer questions 34-35: Shown below are selected data from the balance sheet of HiTech, a small electronics store (dollar amounts are in thousands): $50 Cash Accounts receivable... Inventory Total assets 90 160 800 200 80 Current liabilities... Non current liabilities 34. Refer to the above data. The quick ratio is: A) 1.5 toI B) .7 to 1. C) 45 to 1. D) Some other amount. Answer: B 5. Refer to the above data. Hi-Tech's debt ratio is A) 85%. B) 2596. C)60%. D) Some other amount Answer: A the following to answer questions 36-40: n below are selected data from the financial ctat

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