In 2014, Amira corporation had current assets of $144 million, inventory of $42.9 million and total current liabilities of $132 million. In 2015, the firm had current assets of $171 million, inventory of $45.9 million and current liabilities of $144 million. The change in Amira's quick ratio from 2014 to 2015 is closest to: A) a decrease of 0.10 B) an increase of 0.10 C) a decrease of 0.15 D) an increase of 0.15 E) being unchanged 5045 070 144/1998

In 2014, Amira corporation had current assets of $144 million, inventory of $42.9 million and total current liabilities of $132 million. In 2015, the firm had current assets of $171 million, inventory of $45.9 million and current liabilities of $144 million. The change in Amira's quick ratio from 2014 to 2015 is closest to: A) a decrease of 0.10 B) an increase of 0.10 C) a decrease of 0.15 D) an increase of 0.15 E) being unchanged 5045 070 144/1998

Entrepreneurial Finance

6th Edition

ISBN:9781337635653

Author:Leach

Publisher:Leach

Chapter7: Types And Costs Of Financial Capital

Section: Chapter Questions

Problem 1aM

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