emmybear103002
21.01.2021 •
Business
Accounts payable $27,577
Accounts receivable 71,254
Accrued liabilities 6,902
Cash 20,740
Intangible assets 35,144
Inventory 75,509
Long-term investments 113,352
Long-term liabilities 73,417
Marketable securities 30,292
Notes payable (short-term) 26,866
Property, plant, and equipment 605,309
Prepaid expenses 1,787
Required:
Based on the data for Privett Company, what is the quick ratio, rounded to one decimal point?
Solved
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Ответ:
1.99
Explanation:
Quick ratio is computed as;
= (Cash + Marketable securities + Account receivables) / Current liabilities
Where
Current liabilities = $27,577 Accounts payable + $6,902 Accrued liabilities + $26,866 Notes payable = $61,345
Quick ratio = ($20,740 + $30,292 + $71,254) / $61,345
= $122,286 / $61,345
= 1.99
Ответ:
MY CHANNEL IS PIAO CHONG