Calculate the quick ratio

Assignment Help Finance Basics
Reference no: EM133067949

A company has the following assets and liabilities: Cash = 4529 KD Accounts payable = 2,000 KD Accounts receivable = 3,000 KD Accrued expenses = 2,500 KD Inventory = 5,000 KD Notes payable = 1,000 KD

Calculate the quick ratio. Note: Please include two decimal points in your answer.

Reference no: EM133067949

Questions Cloud

What is the minimum interest rate : Your sister has just won $300,000 (tax-free) in the state lottery. She's decided to quit her job and devote herself to writing novels for the next ten years, us
What does score tell you about your emotional intelligence : What does your score tell you about your emotional intelligence? How might you improve your ability to recognise emotions?
Understand the risks and returns of the security : When you have a fixed investment horizon, it is important to maximize your earnings. You must understand the risks and returns of the security and the risk fact
What is relational model : What is a relational Model? What is a Primary Key?
Calculate the quick ratio : Calculate the quick ratio. Note: Please include two decimal points in your answer.
Software package to investigate : Do some research on Threat Response software. Find one particular software package to investigate.
Calculate the percentage changes in price : 1. Suppose investors expect the yearly dividend paid by Fabian's Flowers Corp to be 5/share permanently (equal to its eps). Assume the interest rate used by inv
Technology will eventually eliminate : Do you believe that technology will eventually eliminate the need for human resources managers? Why or why not?
What state or federal government legislation is relevant : What State or Federal Government legislation is relevant to your chosen topic and What policies and procedures does your organisation have related to this

Reviews

Write a Review

Finance Basics Questions & Answers

  A down payment on a house

Betty has saved $60,000 for a down payment on a house. She is now actively looking for her dream house and anticipates making an offer on a home with the next two months. If the offer is accepted, it will take up to three additional months to close o..

  Merits and demerits of different types of securities

A number of Web sites are available to help in evaluating the merits and demerits of different types of securities that banks are allowed to hold.

  Define the size of accounts receivable

Size of Accounts Receivable. Two Doors Down, Inc., has weekly credit sales of $31,800, and the average collection period is 36 days.

  Motivation and typical activity of venture capital investors

What are the motivation and typical activity of venture capital investors.

  Why might one firm have positive cash flows

Why might one firm have positive cash flows and be headed for financial trouble, whereas another firm with negative cash flows could actually be in a good finan

  What is the present value of the technology

Subsequent annual cash flows will grow at 5 percent in perpetuity. What is the present value of the technology if the discount rate is 15 percent?

  Moving cash flows

What is the value in year 18 of a $2,600 cash flow made in year 8 when the interest rates are 5.8 percent?

  What is meant by bootstrapping

Explain what is meant by bootstrapping when raising seed financing and why bootstrapping is important. Describe the role of venture capitalists in the economy and discuss how they reduce their risk when investing in start-up businesses.

  Discuss the incremental b-c ratio

In the aftermath of Hurricane Thelma, the U.S. Army Corps of Engineers is considering two alternative approaches to protect a freshwater wetland.

  What is ann return on equity in year 1

Ann purchased a property for $1,000,000. She bought the property at a 7.00% cap rate.

  What nominal rate of interest would have to be offered on a

inflation is expected to be 3 percent over the next year. you desire an annual real rate of return of 2.5 percent on

  Why do many fintech providers offer payments

Why do many Fintech providers offer payments? Please explain.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd