Fight Finance

Courses  Tags  Random  All  Recent  Scores

Scores
keithphw$6,001.61
an4_bolt$4,106.43
Visitor$380.00
Visitor$280.00
Visitor$240.00
SGDMGSM$183.46
Visitor$157.00
Visitor$150.00
Visitor$129.43
Visitor$129.43
Visitor$106.43
Visitor$100.00
Visitor$88.61
Soo$75.33
Visitor$62.09
Visitor$60.00
Visitor$60.00
Visitor$60.00
Visitor$46.09
Visitor$43.81
 

Question 472  quick ratio, accounting ratio

A firm has current assets totaling $1.5b of which cash is $0.25b and inventories is $0.5b. Current liabilities total $2b of which accounts payable is $1b.

What is the firm's quick ratio, also known as the acid test ratio?




Copyright © 2014 Keith Woodward