Convex Industries has inventories of $202 million, current assets of $1.30 billion, and current liabilities of $509 million. What is its quick ratio?O A. 2.59O B. 1.08C. 2.16D. 0.86

Convex Industries: Introduction: Inventories =202 Million Current assets = 1.30 Billion Current…

Answered: Convex Industries has inventories of…

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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Convex Industries has inventories of $202 million, current assets of $1.30 billion, and current liabilities of $509 million. What is its quick ratio? O A. 2.59 O B. 1.08 C. 2.16 D. 0.86