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.
403446 is around 400000 so you round that up in your head. 396755 is close to 400000 so you round that up in your head to. Then you add them together to get 800000, which you can do in your head.
Answer:
0.70
Step-by-step explanation:
3.50/5 = 0.70
Answer:
x = 28, y = 34
Step-by-step explanation:
70 + 4x - 2 = 180
110 = 4x - 2
112 = 4x
x = 28
(y + 9) + (y - 1) + 2(y - 4) = 136
4y = 136
y = 34
