Consider the following data: (Click the icon to view the data) Read the requirem

Question

Consider the following data: (Click the icon to view the data) Read the requirements Requirement First, compute the quick assets Select the formula, then enter the amounts to calculate the quick assets for each company (Abbreviation used ST in 1. Calculate the quick assets and the quick ratio for each company (round your final answer to two decimal places) Quick assets i Data Table COMPANY Cash Short-term investments Net receivables Total current assets Current liabilities 88,000 $ 67,000$ 21.000 S 110,000 75,000 30.000 15.000 54.000 123,000 110,000 53,000 144,000 331.000 261,000 138,000 327,000 135.000 97,000 35000 330,000 Choose from any li Print Done Clear remaining

Explanation / Answer

Calculation of Quick Assets Company Cash Short term in vestment Net Receivable Total quick Assets (1) Current Liabilities (2) Quick Ratio(1/2) A $        88,000 $        75,000 $         123,000 $     286,000 $    135,000 2.12 B $        67,000 $        30,000 $         110,000 $     207,000 $      97,000 2.13 C $        21,000 $        15,000 $           53,000 $       89,000 $      35,000 2.54 D $      110,000 $        54,000 $         144,000 $     308,000 $    330,000 0.93

Related Questions

Navigate

• Browse (All)
• Browse C
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.