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Wund the qu i Requirements 1. Compute Golden's quick (acid-test) ratio at the end of...

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Wund the qu i Requirements 1. Compute Golden's quick (acid-test) ratio at the end of 2019. Round to two decimal places. How does the quick ratio compare with the industry average of 0.92? Compare days' sales outstanding for 2019 with the company's credit terms of net 30 days. Print Print Done Done Data Table 2019 2018 $ $ 11,500 13,500 Current assets: Cash Short-term investments Accounts receivable Less: Allowance for uncollectibles Inventory Prepaid insurance Total current assets Total current liabilities Net sales (all on account). 81,000 (8,100) 11,500 17,000 $ 72,900 187,000 2,000 72,800 (6,100) 66,700 188,500 2,000 290,400 97,500 907 400 282,200 111,000 731,000 Print Done Golden Products reported the following u click the icon to view the financial our in ) 2018 financia m ents The 2018 metre given for comparison Assigned Media Questi Read the requirements Requirement 1. Compte God's quick the and of 2018. Round to Begin by selecting the formula then enter the amounts and compute the act Cash" + Short-term investments Net current recevable : Totalment e places. How does the quick compare i oned Cash and cash the industry average of Round the qu e sto m es.) Ouick acid-testato 97,500

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