Ok so our two variables will be:
x=age y=price
Our equation is:
y= -3000x + $25,635
Answer: None of them cuz
Step-by-step explanation:
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.
The percent increase is 150 percent
