1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sladkih [1.3K]
4 years ago
9

Duke’s Garage has cash of $68, accounts receivable of $142, accounts payable of $235, and inventory of $318. What is the value o

f the quick ratio? Select one: a. 2.25 b. .53 c. .71 d. .89 e. 1.35
Business
1 answer:
zhannawk [14.2K]4 years ago
7 0

Answer:

The correct answer is option (D).

Explanation:

According to the scenario, the given data are as follows:

Cash (assets) = $68

Accounts receivables ( assets ) = $142

accounts payable ( liabilities)  = $235

Inventory = $318

So, we can calculate quick ratio by using following formula:

Quick ratio = Assets / Liabilities

= $68 + $ 142 / $235

= $210 / $235

= 0.89

Hence, the value of quick ratio is 0.89.

You might be interested in
A worker who loses a job at a call center because business firms switch the call center to another country is an example of whic
alexira [117]

Answer:

"Structural unemployment" is the right approach.

Explanation:

  • The terminology economists mischaracterize unemployment, which seems to be the consequences of such an absence or failure of coordination of talents as well as of opportunities, is defined as Structural unemployment.
  • This would be caused by economic shifts that prevent jobless persons from finding opportunities throughout different firms with very high qualifications.
6 0
3 years ago
Genève is a member of the board of directors and the chief financial officer of the corporation. Under the duty of care that sh
loris [4]

Answer:  

The correct answer is c."oversee every aspect of the business, including such things as ordering merchandise and arranging for janitorial services."

Explanation:  

The chief financial officer is the person in charge of the financial administration of the organization, their tasks are focused on planning, implementing and analyzing the financial information of the company. Therefore, a chief financial officer like Genevieve does not get involved in activities such as ordering merchandise and arranging for janitorial services.

3 0
3 years ago
The process of a business or organization attempting to acquire goods or services to accomplish the goals of its enterprise is c
CaHeK987 [17]

The process of a business or organization attempting to acquire goods or services to accomplish the goals of its enterprise is called  purchasing

What is the purchasing means?

Purchasing is the organized acquisition of goods and services on behalf of the buying entity. Purchasing activities are needed to ensure that needed items are obtained in a timely manner and at a reasonable cost.

What are the 3 types of purchasing?

There are three main types of procurement activities: direct procurement, indirect procurement, and services procurement

Why is purchasing important?

Purchasing is generally responsible for spending more than 50 percent of all the revenues the firm receives as income from sales. More money is often spent for purchases of materials and services than for any other expense, and the spend in services is rapidly increasing.

Learn more about purchasing:

brainly.com/question/15206922

#SPJ4

5 0
2 years ago
Explain (with theories support) the elements that can affect an individual behavior
Fynjy0 [20]

Answer:

wow who has theory support THAT MENAS YOU HAVE wow but none of them has it

8 0
3 years ago
Read 2 more answers
7. To maintain good balance in a horizontal relationship, you must A. work productively and share responsibility for the success
wolverine [178]
Im pretty sure the answer is A.
3 0
3 years ago
Other questions:
  • Windsor Company took a physical inventory on December 31 and determined that goods costing $191,500 were on hand. Not included i
    7·1 answer
  • Hardwoods, a timber supplying company, contracted with a furniture manufacturer, Taylor Furniture. Hardwoods owned a large plot
    15·1 answer
  • Spa Company uses the direct method in determining net cash provided by operating activities. The income statement shows income t
    14·1 answer
  • Which type of market research is data that an entrepreneur collects himself or​ herself; for​ example, from a survey of potentia
    9·1 answer
  • Henncom, a company that manufactures computer spare parts, runs its operations in a small office. Owing to the increase in the d
    14·1 answer
  • Identify the change in the parent function that will produce the related function shown as a dash line. f(x)= √ x
    7·1 answer
  • the current price of a stock is 200 if a coll option on this stock has a strike price of 201 the call is
    13·1 answer
  • On December 1, Milka Inc. borrows $500,000 from the bank. Interest of 6% is due in six months. On December 31, Milka recognizes
    13·1 answer
  • What is the deadline within which HUD must complete a discrimination investigation once a complaint is received
    8·1 answer
  • A pharmacy has monthly sales of $278,000, inventory purchases of $186,000, salaries and wages of $49,000, utilities of $2,000, i
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!