Cypress Cruises has a cash balance of $80,000; short-term investments of $20,000; net receivables of $60,000; and inventory of $450,000. Current liabilities total $200,000. The quick ratio is:
A) 3.05 to 1.
B) 2.75 to 1.
C) 0.80 to 1.
D) 0.70 to 1.
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Question
Cypress Cruises has a cash balance of $80,000; short-term investments of $20,000; net receivables of $60,000; and inventory of $450,000. Current liabilities total $200,000. The quick ratio is:
A) 3.05 to 1. B) 2.75 to 1. C) 0.80 to 1. D) 0.70 to 1.
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