Angola Inc. reported the following year-end data: Cash $20,000 Short-term investments $ 8,800 Accounts receivable (current) $12,000 Inventory $28,600 Other current assets $12,000 Total current liabilities $29,000 Compute the quick ratio
Angola Inc. reported the following year-end data: Cash $20,000 Short-term investments $ 8,800 Accounts receivable (current) $12,000 Inventory $28,600 Other current assets $12,000 Total current liabilities $29,000 Compute the quick ratio
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter21: The Statement Of Cash Flows
Section: Chapter Questions
Problem 5MC
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Angola Inc. reported the following year-end data:
Cash $20,000
Short-term investments $ 8,800
Accounts receivable (current) $12,000
Inventory $28,600
Other current assets $12,000
Total current liabilities $29,000
Compute the quick ratio
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