Answer:
<u>Quick Ratio = 0.19. A quick ratio of 0.19 means that this company might not be able to fully pay off its current liabilities in the short term.</u>
Step-by-step explanation:
1. For solving this question, we need to use the Quick ratio formula, this way:
Quick Ratio = (Current Assets - Inventory - Prepaid Expenses) / Current Liabilities
2. Let's replace the formula with the real values:
Quick Ratio = (477.50 - 275 - 0)/ 1,075 (Prepaid Expenses = 0)
Quick Ratio = 202.50 / 1,075
Quick Ratio = 0.1884
<u>Quick Ratio = 0.19 (Rounding to two decimal places)</u>
3. Interpretation
A quick ratio below 1 means that the company might not be able to fully pay off its current liabilities in the short term, in this case it's 0.19 for this company. A quick ratio of 1 is considered to be the normal, as it indicates that the company is able to pay off its current liabilities with exactly enough assets to be immediately liquidated.
5/15 x 3/15 = 1/3x 1/5 = 1/15
B is the answer.
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The length is 15 inches and width is 9 inches
Step-by-step explanation:
Let
l be the length
and
w be the width
w = l-6
The area of rectangle is 135 ft^2
The formula for area is:
As the length cannot be negative, so we will use the value of length 15
If length 15,
w=l-6
w=15-6
w=9
So,
The length is 15 inches and width is 9 inches
Keywords: Area of rectangle, Quadratic equation
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Answer:
0.84, 84%
Step-by-step explanation:
