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sladkih [1.3K]
3 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]3 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.

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Answer: Cash budget

Explanation:

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3 years ago
Schedule of Cash Payments for a Service Company Horizon Financial Inc. was organized on February 28. Projected selling and admin
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Answer:

Cash payments:

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2 years ago
Do you pay attention to the price on the stocks on the stock market? Why or why not? Do you think it is beneficial to individual
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2 years ago
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Answer:

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