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gabigraceberg
29.08.2020 •
Business
Jones Corp. reported current assets of $196,000 and current liabilities of $138,500 on its most recent balance sheet. The current assets consisted of $61,000 Cash; $42,100 Accounts Receivable; and $92,900 of Inventory. The acid-test (quick) ratio is
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Ответ:
0.74
Explanation:
Jones corporation reported a current assets of $196,000
The current liabilities is $138,500
The current assets consists of $61,000 cash , account receivable= $42,100, inventory= $92,900
Therefore the quick ratio can be calculated as follows
= cash + account receivables
= $61,000 + $42,100
= $103,100
$103,100/$138,500
= 0.74
Hence the acid test(quick ) ratio is 0.74
Ответ: