countrygirl8491 countrygirl8491

27-12-2022
Business

Answered

The Young Company has the following assets and liabilities:
Assets: Cash $35,000, Accounts receivable 15,000, Inventory 30,000, Equipment 50,000
Liabilities: Current portion of long-term debt 10,000, Accounts payable 2,000, Long-term debt 25,000
Determine the quick ratio (rounded to one decimal point).
A. 13.0
B. 4.2
C. 6.7
D. 3.5

Answer :

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