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Click to watch the Tell Me More Learning Objective 7 video and then answer the questions below. 1. The quick ratio is computed as __________ divided by __________. assets; quick liabilities quick assets; quick liabilities quick assets; current liabilities current assets; current liabilities 2. Lilac Company reported the following financial data for the year ended December 31: Cash $50,000 Accounts receivable 40,000 Inventory 25,000 Total assets 150,000 Current liabilities 49,000 Total liabilities 99,000 Lilac's quick ratio for the year ended December 31 is 1.5. 1.8. 2.4. 4.2.

Sagot :

Tundexi

Answer:

c) Quick assets; Current liabilities

Explanation:

1. Quick ratio = Quick Assets/Current liabilities. The quick ratio is computed as Quick Assets divided by Current liabilities.

2) Quick ratio = Quick asset/Current liabilities

Quick ratio = ($50,000 + $40,000) / $49,000

Quick ratio = $90,000 / $49,000

Quick ratio = 1.836735

Quick ratio = 1.8

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