A company's current assets are $20,350, its quick assets are $11.440 and its current liabilities are...

Question

Question

business accounting

Answer 1

Answer #1

Solution: 1

	Calculation of Quick Ratio
Formula
	Quick Ratio = Quick Assets / Current Liabilities
		Current Year
	Quick Ratio =
	Quick Assets	$11,440

	Divide By	"/"By

	Current Liabilities =	$13,000

	Quick Ratio =	0.88

	Quick Ratio =	0.88

	Answer = Quick Ratio = Option 3 = 0.88

Answer 2

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