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33:011:100:03 INTRO TO BUSINESS Final Exam 2 Requires Respondus- Requires Respondus LockDown Browser

Single choice

Cash=$15,000 Accounts Receivable=$10,000 Inventory=$20,000 Current Liabilities= $25,000 So Quick Ratio is

Options
A.2.0
B.3.0
C.1.8
D.1.0
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Step-by-Step Analysis
Restating the problem: Given the balance sheet figures, compute the quick ratio using Quick Assets = Cash + Accounts Receivable (excluding Inventory), divided by Current Liabilities. Option 1: 2.0 This would require Quick Assets to be 2.0 times Current Liabilities. With Current Liabilities = 25,000, that woul......Login to view full explanation

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