KLM Corporation's quick assets are $6,050,000, its current assets are $12,870,000 and its current liabilities are...

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Question

KLM Corporation's quick assets are $6,050,000, its current assets are $12,870,000 and its current liabilities are...

KLM Corporation's quick assets are $6,050,000, its current assets are $12,870,000 and its current liabilities are $8,102,000. Its acid-test ratio equals:

Multiple Choice

0.75.
0.63.
0.47.
1.34.
2.33.

business accounting

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Answer 1

Answer #1

Acid-test ratio = quick assets / current liabilities

= $6,050,000 / $8,102,000

= 0.75

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Answer 2

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KLM Corporation's quick assets are $6,050,000, its current assets are $12,870,000 and its current liabilities are...

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Hel KLM Corporation's quick assets are $5,983,000, its current assets are $12,465,000 and its current liabilities...

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KLM Corporation's quick assets are $6,050,000, its current assets are $12,870,000 and its current liabilities are...

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KLM Corporation's quick assets are $6,050,000, its current assets are $12,870,000 and its current liabilities are...