Welcome to Westonci.ca, your ultimate destination for finding answers to a wide range of questions from experts. Explore our Q&A platform to find in-depth answers from a wide range of experts in different fields. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.
Sagot :
Answer:
$16,000
Explanation:
Calculation to determine what the current liabilities balance is equal to
Using this formula
Quick Ratio = Current Assets - Inventory / Current Liabilities
Let plug in the formula
1.25 = ($25,000 - $5000) / Current Liabilities
1.25Current Liabilities = ($25,000 - $5000)
Current Liabilities = $20,000 / 1.25
Current Liabilities =$16,000
Therefore the current liabilities balance is equal to $16,000
Thanks for stopping by. We are committed to providing the best answers for all your questions. See you again soon. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.