Breakdown 12/31/2019 12/31/2018 12/31/2017 12/31/2016 v Total Assets 225,248,000 162,648,000 131.310,000 83,402,000 v Current Assets v Cash, Cash Equivalents & S- 96,334,000 75,101,000 60,197,000 45,781,000 55,021,000 41.250.000 30,986,000 25.981.000 Cash And Cash Equivalents 36.092.000 31,750,000 20.522.000 19,334,000 Other Short Term Investme-- 18.929,000 9,500,000 10,464,000 6,647,000 v Receivables 20,816,000 16,677,000 13,164,000 8,339,000 > Accounts receivable 20,816,000 16,677,000 13,164,000 8,339,000 > Inventory 20,497,000 16,047,000 11,461,000 17,174,000 > Total non-current assets 128,914,000 87,547,000 71,113,000 37,621,000 v Total Liabilities Net Minority Int- > Current Liabilities > Total Non Current Liabilities - v Total Equity Gross Minority Inte- v Stockholders Equity > Capital Stock 163,188,000 119,099,000 103,601,000 64,117,000 87,812,000 68,391,000 57,883,000 43,816,000 75,376,000 50,708,000 45,718,000 20,301,000 62,060,000 43,549,000 27,709,000 19,285,000 62,060,000 43,549,000 27,709,000 19,285,000 5,000 5,000 5,000 5,000 Additional Paid in Capital 33,658,000 26,791,000 21,389,000 17,186,000 Retained Earnings 31,220,000 19,625,000 8,636,000 4,916,000 Treasury Stock 1,837,000 1,837,000 1,837,000 1,837,000 Gains Losses Not Affecting Re- -986,000 -1,035,000 -484,000 -985,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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6. Calculate the Quick Ratio for Company 1 for the year ending 2019.

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* ES
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Personal Banking ...
* Captionless Image
COmpanTY I
Breakdown
12/31/2019
12/31/2018
12/31/2017
12/31/2016
v Total Assets
225,248,000
162,648,000
131,310,000
83,402,000
v Current Assets
96,334,000
75,101,000
60,197,000
45,781,000
v Cash, Cash Equivalents & S.
55,021,000
41,250,000
30,986,000
25,981,000
Cash And Cash Equivalents
36,092,000
31,750,000
20,522,000
19,334,000
Other Short Term Investme.--
18,929,000
9,500,000
10,464,000
6,647,000
v Receivables
20,816,000
16,677,000
13,164,000
8,339,000
> Accounts receivable
20,816,000
16,677,000
13,164,000
8,339,000
> Inventory
20,497,000
17,174,000
16,047,000
11,461,000
> Total non-current assets
128,914,000
87,547,000
71,113,000
37,621,000
v Total Liabilities Net Minority Int.--
163,188,000
119,099,000
103,601,000
64,117,000
> Current Liabilities
87,812,000
68,391,000
57,883,000
43,816,000
> Total Non Current Liabilities ...
75,376,000
50,708,000
45,718,000
20,301,000
v Total Equity Gross Minority Inte---
62,060,000
43,549,000
27,709,000
19,285,000
v Stockholders' Equity
62,060,000
43,549,000
27,709,000
19,285,000
> Capital Stock
5,000
5,000
5,000
5,000
Additional Paid in Capital
33,658,000
26,791,000
21,389,000
17,186,000
Retained Earnings
31,220,000
19,625,000
8,636,000
4,916,000
Treasury Stock
1,837,000
1,837,000
1,837,000
1,837,000
Gains Losses Not Affecting Re-.
-986,000
-1,035,000
-484,000
-985,000
1:07 PM
O Type here to search
IA
G 4») ENG
48
12/11/2020
11
+
Transcribed Image Text:O jgoi × O BDSW X GBPU X * Goog X * Searc x O (348) X b My Q x A BAF3 X * 8.4 Tr x E 8.7 UI X A Meet x E 8.6 TE X * 9.4.2 X E Roun x i docs.google.com/forms/d/e/1FAlpQLSd8y0SiaSvtGskBBd3MdGR5NzjKZ2Gz9n0wPiFIBgvl7cde1g/viewform?hr_submission=Chglhs-v9GgSEAjl5azWiQcSBwj2vuXowwQQAQ * ES P E Apps Personal Banking ... * Captionless Image COmpanTY I Breakdown 12/31/2019 12/31/2018 12/31/2017 12/31/2016 v Total Assets 225,248,000 162,648,000 131,310,000 83,402,000 v Current Assets 96,334,000 75,101,000 60,197,000 45,781,000 v Cash, Cash Equivalents & S. 55,021,000 41,250,000 30,986,000 25,981,000 Cash And Cash Equivalents 36,092,000 31,750,000 20,522,000 19,334,000 Other Short Term Investme.-- 18,929,000 9,500,000 10,464,000 6,647,000 v Receivables 20,816,000 16,677,000 13,164,000 8,339,000 > Accounts receivable 20,816,000 16,677,000 13,164,000 8,339,000 > Inventory 20,497,000 17,174,000 16,047,000 11,461,000 > Total non-current assets 128,914,000 87,547,000 71,113,000 37,621,000 v Total Liabilities Net Minority Int.-- 163,188,000 119,099,000 103,601,000 64,117,000 > Current Liabilities 87,812,000 68,391,000 57,883,000 43,816,000 > Total Non Current Liabilities ... 75,376,000 50,708,000 45,718,000 20,301,000 v Total Equity Gross Minority Inte--- 62,060,000 43,549,000 27,709,000 19,285,000 v Stockholders' Equity 62,060,000 43,549,000 27,709,000 19,285,000 > Capital Stock 5,000 5,000 5,000 5,000 Additional Paid in Capital 33,658,000 26,791,000 21,389,000 17,186,000 Retained Earnings 31,220,000 19,625,000 8,636,000 4,916,000 Treasury Stock 1,837,000 1,837,000 1,837,000 1,837,000 Gains Losses Not Affecting Re-. -986,000 -1,035,000 -484,000 -985,000 1:07 PM O Type here to search IA G 4») ENG 48 12/11/2020 11 +
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