A company has $8,000 in cash, $9,250 in accounts receivable, and $19,500 in inventory. If current liabilities are $14,350, then the quick ratio would be
a. 5.0 to 1
b. 2.6 to 1
c. 2.0 to 1
d. 1.2 to 1
d
You might also like to view...
Which of the following is not true?
a. Firms report accounts receivable they expect to collect within one year at the amount of cash the firms expect to receive. b. Both U.S. GAAP and IFRS require firms with significant uncollectible accounts receivable to estimate the amount of uncollectible accounts related to a particular period's sales and recognize that amount as bad debt expense in the same period as the related revenues. c. Firms typically use a contra account to accounts receivable, such as Allowance for Uncollectibles, to reflect the amount of accounts receivable they do not expect to collect. d. The entry to recognize estimated uncollectible amounts involves a debit to Bad Debt Expense and a credit to Allowance for Uncollectibles. e. The write-off of a particular customer's account that becomes uncollectible involves a debit to Accounts Receivable and a credit to Allowance for Uncollectibles .
What is the status of social class as a criterion?
What will be an ideal response?
A tariff is always a flat rate per unit
a. True b. False Indicate whether the statement is true or false
Which of the following statements is true of intranets?
A. Employees can log onto their company's intranet from remote locations. B. It restricts communication and collaboration among employees. C. It is a public network whose look and feel differs from the Internet. D. It allows limited access to a selected group of stakeholders, such as suppliers or customers.