题目
题目

33:390:300:13 FINANCIAL MANAGEMENT Exam 1- Requires Respondus LockDown Browser

单项选择题

Use the following information to answer this question: Windswept, Incorporated 2021 Income Statement ($ in millions) Net sales $ 10,020 Cost of goods sold 8,110 Depreciation 500 Earnings before interest and taxes $ 1,410 Interest paid 118 Taxable income $ 1,292 Taxes 271 Net income $ 1,021   Windswept, Incorporated 2020 and 2021 Balance Sheets ($ in millions) 2020 2021 2020 2021 Cash $ 300 $ 330 Accounts payable $ 1,650 $ 1,560 Accounts received 1,140 1,040 Long-term debt 1,170 1,370 Inventory 2,020 1,800 Common stock 3,480 3,460 Total $ 3,460 $ 3,170 Retained earnings 710 960 Net fixed assets 3,550 4,180 Total assets $ 7,010 $ 7,350 Total liabilities & equity $ 7,010 $ 7,350 What is the quick ratio for 2021?

选项
A..87 times
B.2.03 times
C.1.15 times
D..88 times
E.1.82 times
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标准答案
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思路分析
First, identify the 2021 current assets and current liabilities from Windswept, Incorporated's balance sheet data. Current assets (2021) = Cash 330 + Accounts receivable 1,040 + Inventory 1,800 = 3,170. Current liabilities (2021) = Accounts payable 1,560. There are no other current liabilities listed, so this is the t......Login to view full explanation

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[table] | Dec 31, 2019 | Dec 31, 2020 Current Assets | | Cash And Cash Equivalents | 768,000 | 860,000 Short Term Investments | - | - Net Receivables | 1,124,000 | 950,000 Inventory | 404,000 | 396,000 Office Supplier | 203,000 | 177,000 Total Current Assets | 2,499,000 | 2,383,000 | | Liabilities | | Current Liabilities | | Accounts Payable | 2,120,000 | 2,090,000 Short/Current Long Term Debt | 137,000 | 52,000 Other Current Liabilities | - | - Total Current Liabilities | 2,257,000 | 2,142,000 | | [/table]The Quick Ratio for 2019 is:

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