Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=19)
-   -   Financial statement Analysis (https://www.askmehelpdesk.com/showthread.php?t=105926)

  • Jul 1, 2007, 06:13 PM
    long9974
    Financial statement Analysis
    I have a question. A company has cash $75,000; temporary investments $20,000: net receivables $600,000: and merchandise inventory $50,000. Current liabilities are $40,000. The quick or acid-test ratio is ________. If you could help me on my question I will really appreciated. Thank you
  • Jul 1, 2007, 08:32 PM
    CaptainForest
    (75,000 + 20,000 + 600,000) / 40,000 = 17.375 : 1

    • All times are GMT -7. The time now is 02:50 AM.