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Home Q & A Board Other Fields Homework Help Business Accounting
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upton upton
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6 years ago
Tom's Toys has a cash balance of $100,000; temporary investments of $40,000; net receivables of $60,000; and inventory of $400,000. Tom's current liabilities total $125,000. His quick (acid test) ratio is:
A) 0.63 to 1.
B) 1.60 to 1.
C) 0.80 to 1.
D) 2.25 to 1.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
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AugustisAugustis
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