From the following data for David ProElecticals, calculate the quick ratio.
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Question

From the following data for David ProElecticals, calculate the quick ratio.

 

Cash  

$68,500

Accounts receivable 130,000

Inventories 213,000

Prepaid expenses    25,000

Total current assets $436,500

Less current liabilities   275,000

Working capital $161,500



Select one:

a. 1.6

b. 0.7

c. 0.3

d. 1.5

Top Answer

You can determine quick ratio using the formula, quick... View the full answer

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