The firm Runs and Goses reports the following financial information: Cash of $242, Accounts Receivable of...
The firm Runs and Goses reports the following financial information: Cash of $242, Accounts Receivable of $850, Inventory of $820, Total Assets of $5,320, Total Equity of $2,780, EBITDA of $1,558, Interest Expense of $160, Total Liabilities of $1,580, Long-Term Liabilities of $1,100, Current Liabilities of $1,580. What is the quick ratio for Runs and Goses?
Group of answer choices
1.21
1.03
0.69
1.13
0.91
Homework Answers
Quick ratio = quick assets / current liabilities
= (cash+accounts receivable)/ current liabilities
= (242+850)/1580
= 0.69
Add Answer to:
The firm Runs and Goses reports the following financial
information: Cash of $242, Accounts Receivable of...
The firm Runs and Goses reports the following financial information: Cash of $242, Accounts Receivable of...
The firm Runs and Goses reports the following financial information: Cash of $242, Accounts Receivable of $850, Inventory of $820, Total Assets of $5,320, Total Equity of $2,780, EBITDA of $1,558, Interest Expense of $160, Long-Term Liabilities of $1,100, Current Liabilities of $1,440. What is Runs and Goses' debt-to-equity ratio?
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