Water Works, Inc. has a current ratio of 1.33, current liabilities of $540,000, and inventory of...

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Question

Finance

Water Works, Inc. has a current ratio of 1.33, currentliabilities of $540,000, and inventory of $400,000. What is WaterWorks, Inc.'s quick ratio?
a
1.11
b
0.86
c
1.90
d
0.59

Answer & Explanation Solved by verified expert

3.8 Ratings (510 Votes)

Solution We know that the formula for calculating the Current ratio is Current Ratio Current Assets Current Liabilities As per the information given in the question See Answer

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Water Works, Inc. has a current ratio of 1.33, current liabilities of $540,000, and inventory of...

60.1K

Verified Solution

Question

Finance

Water Works, Inc. has a current ratio of 1.33, currentliabilities of $540,000, and inventory of $400,000. What is WaterWorks, Inc.'s quick ratio?
a
1.11
b
0.86
c
1.90
d
0.59

Answer & Explanation Solved by verified expert

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Water Works, Inc. has a current ratio of 1.33, current liabilities of $540,000, and inventory of...

60.1K

Verified Solution

Question

Finance

Water Works, Inc. has a current ratio of 1.33, currentliabilities of $540,000, and inventory of $400,000. What is WaterWorks, Inc.'s quick ratio?a1.11b0.86c1.90d0.59

Answer & Explanation Solved by verified expert

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Transcribed Image Text

Other questions asked by students

Water Works, Inc. has a current ratio of 1.33, currentliabilities of $540,000, and inventory of $400,000. What is WaterWorks, Inc.'s quick ratio?
a
1.11
b
0.86
c
1.90
d
0.59