Answered

Westonci.ca is the premier destination for reliable answers to your questions, provided by a community of experts. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.

Given the following information, compute the current and quick ratios:

Cash $ 120,000
Accounts receivable 391,000
Inventory 438,000
Current liabilities 523,000
Long-term debt 637,000
Equity 613,000

Round your answers to two decimal places.
Current ratio:________ :1
Quick ratio:_________ :1

Sagot :

We appreciate your visit. Hopefully, the answers you found were beneficial. Don't hesitate to come back for more information. We appreciate your time. Please come back anytime for the latest information and answers to your questions. Stay curious and keep coming back to Westonci.ca for answers to all your burning questions.