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Home Q & A Board Other Fields Homework Help Business Accounting
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ʎddɐɥ ʎddɐɥ
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7 years ago
The following comparison is presented for Couch, Inc. to the industry averages:
   Industry
   Couch, Inc.   Averages
   Current ratio   1.7   1.2
   Quick ratio   .6   .8
   Net sales to working capital   12.0   25.0
   Receivables turnover   4.0   7.6
   Inventory turnover   4.8   6.2
What conclusion can be drawn when comparing Couch's quick ratio to the industry average?
A) Couch has more current liabilities for every dollar of current assets than the industry average.
B) Couch has more current assets for every dollar of current liabilities than the industry average.
C) Couch is earning more on its assets than the industry average.
D) Couch has less highly liquid current assets for every dollar of current liabilities than the industry average.
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mourningbirdmourningbird
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#1
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7 years ago
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ʎddɐɥ Author
wrote...

7 years ago
this is exactly what I needed
jmendoza
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Yesterday
Good timing, thanks!
54321abs
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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