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Home Q & A Board Science-Related Homework Help Mathematics
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lcard044 lcard044
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A year ago
Quality Construction, Inc.

Selected figures from the Balance Sheet and Income Statement of Quality Construction, Inc. are shown below. (Compute answers to two decimal places)

From the Balance Sheet
 
From the Income Statement
Cash
$310,400
 Net Sales
$408,140
Accounts Receivable
$135,242
 Cost of Goods Sold
$308,100
Merchandise Inventory:  Net Income
$  47,000
          End of this year
$210,450
   
          End of last year
$178,090
   
Total Current Assets
$979,942
   
Total Current Liabilities
$450,600
   
Owners Equity
$323,850
   



Refer to Quality Construction, Inc. Compute the acid test ratio for Quality Construction, Inc.
Textbook 
Contemporary Business Mathematics for Colleges

Contemporary Business Mathematics for Colleges


Edition: 16th
Authors:
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shindh02shindh02
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