Jessica's Boutique has cash of $47, accounts receivable of $68, accounts payable of $220, and inventory...

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Jessica's Boutique has cash of $47, accounts receivable of $68, accounts payable of $220, and inventory...

Jessica's Boutique has cash of $47, accounts receivable of $68, accounts payable of $220, and inventory of $150. What is the value of the quick ratio?

1.20

.68

.31

1.73

.52

business finance

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Answer 1

Answer #1


	$		$
Cash	47	Accounts payables	220
Accounts receivables	68	Current liabilities	220
Inventory	150
Current assets	265


Quick ratio = ( Current assets - Inventory ) / Current liabilities = ( $265 - $150 ) / $220 = 0.52

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Answer 2

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Jessica's Boutique has cash of $47, accounts receivable of $68, accounts payable of $220, and inventory...

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