Accounting Based on the following data, what is the quick ratio, rounded to one decimal point? Accounts payable $38,000 Accounts receivable 69,000 Accrued liabilities 6,000 Cash 39,000 Intangible assets 55,000 Inventory 75,000 Long-term investments 83,000 Long-term liabilities 112,000 Marketable securities 34,000 Fixed assets 682,000 Prepaid expenses 11,000
Accounting Based on the following data, what is the quick ratio, rounded to one decimal point? Accounts payable $38,000 Accounts receivable 69,000 Accrued liabilities 6,000 Cash 39,000 Intangible assets 55,000 Inventory 75,000 Long-term investments 83,000 Long-term liabilities 112,000 Marketable securities 34,000 Fixed assets 682,000 Prepaid expenses 11,000
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter1: The Role Of Accounting In Business
Section: Chapter Questions
Problem 1.4.1MBA: Return on assets The following data (in millions) were adapted from recent financial statements of...
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Accounting
Based on the following data, what is the quick ratio, rounded to one decimal point? Accounts payable $38,000 Accounts receivable 69,000 Accrued liabilities 6,000 Cash 39,000 Intangible assets 55,000 Inventory 75,000 Long-term investments 83,000 Long-term liabilities 112,000 Marketable securities 34,000 Fixed assets 682,000 Prepaid expenses 11,000
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