Answered: A company’s quick assets are $37,500,…

A company’s quick assets are $37,500, its current assets are $80,000, and its current liabilities are $50,000. Its acid-test ratio equals a. 1.600. c. 0.625. e. 0.469. b. 0.750. d. 1.333.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 15MCQ: Hummel Inc. has $30,000 in current assets and $15,000 in current liabilities. What is Hummels...

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Question

A company’s quick assets are $37,500, its current assets are
$80,000, and its current liabilities are $50,000. Its acid-test
ratio equals
a. 1.600. c. 0.625. e. 0.469.
b. 0.750. d. 1.333.

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