Provide the quick ratio. Given: Current Assets Cash in bank       P282,506 Due from related parties - current portion   1,325,607,906 Current Liabilities   1,925,822,542

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 16MCQ
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Provide the quick ratio.

Given:

Current Assets Cash in bank

 

 

 

P282,506

Due from related parties - current portion

 

1,325,607,906

Current Liabilities

 

1,925,822,542

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