أنشئ حسابًا أو سجّل الدخول للانضمام إلى مجتمعك المهني.
Cash $60,000
Accounts receivable 180,000
Allowance for uncollectible accounts 8,000
Inventory 240,000
Short-term marketable securities 90,000
Prepaid rent 18,000
Current liabilities 400,000
Long-term debt 220,000
What was Redwood's quick ratio?
a.0.81 to1
b.0.83 to1
c.0.94 to1
d.1.46 to1
Redwood's quick ratio answer is0.81 to1
A IS THE CORRECT ANSWER BECAUSE QUICK RATIO = CASH + M.SECURITIES+ A/R DIVIDED BY CURRENT LIABILITIES
Answer is Option A -0.81 to 1
Reason being Quick Ratio is
(Cash + Cash Equivalents+ short term investments+ accounts receivable) /
(current liabilities ):1
b.0.83 to1.........................
quick ratio which includes all other current asset except inventory = (CA- inventory)/Current liability = .85 :answer b
Quick ratio is ((C/A-Inventory)/C/L) this mean that
(Cash + Net A/R +Short-term Marketable Securities + Prepaid rent) / Current Liabilities
=0.85 to1
Note: the prepaid rent is for the one year only not for more than one year
هل تحتاج لمساعدة في كتابة سيرة ذاتية تحتوي على الكلمات الدلالية التي يبحث عنها أصحاب العمل؟
