medium · Financial Accounting financial-statement-analysis-ratios
Highland Foods reports Cash of $30,000, Marketable Securities of $10,000, Accounts Receivable of $50,000, and Inventory of $70,000.
If the firm has Accounts Payable of $45,000, Accrued Liabilities of $20,000, and Current Portion of Long-Term Debt of $15,000, what is the Quick Ratio (Acid-Test Ratio)?
- 2.00
- 1.38
- 1.13
- 0.50
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