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Stolb23 [73]
2 years ago
15

The comparative financial statements of marshall inc. Are as follows. The market price of marshall common stock was $82. 60 on d

ecember 31, 20y2.
SAT
1 answer:
Nesterboy [21]2 years ago
7 0

It should be noted that the working capital will be $1584000, the current ratio is 2.80 while the quick ratio is 2.20.

From the complete information, the working capital is calculated thus:

= Current asset - Current liabilities

= 2464000 - 880000

= 1584000

The current ratio will be:

= Total current asset / Total current liabilities

= 2464000 / 880000

= 2.80

The quick ratio will be calculated thus:

Total current asset = 2464000

Less: Inventory = 420000

Less: Prepaid expenses = 108000.

Total quick assets = 1936000

Total current liabilities = 8800000

Quick ratio = 2.20

Learn more about quick ratio on:

brainly.com/question/5651245

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According to the passage, what is the difference between a poem and a story? a poem is difficult to read, while a story is enter
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