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Quick ratio formula

Assignment Help Accounting Basics
Reference no: EM13833758

Company: Starbucks

Data to be used:

https://www.nasdaq.com/symbol/sbux/financials?query=ratios

What is needed?

The appendix containing a list and calculations of the ratios. A list of the calculations shown with formulas and the resulting answer.

On the Nasdaq link we have 3 key ratio indicators which need to be there: Current ratio, cash ratio, quick ratio. Only that is required along with other data in the appendix.

I have tried quick ratio as below. Not sure how do I put everything in the appendix

Quick Ratio formula used
2013 = 3,233.8 (total cash and short term investments) + 561.4 (accounts receivable)
Divided by
/ 5,377.3 (2013 current liabilities)
= .705 (.71)

2014 = 1,843.8 (total cash and short term investments) + 631 (accounts receivable)
Divided by:
3038.7 (2014 current liabilities)
= .814 (.81)

Reference no: EM13833758

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