The following information pertains to tanzi company assume

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Reference no: EM13581661

The following information pertains to Tanzi Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit.

Assets
Cash and short-term investments	$39,645
Accounts receivable (net)	34,673
Inventory	38,916
Property, plant and equipment	246,095
Total Assets	$359,329


Liabilities and Stockholders' Equity
Current liabilities	$62,478
Long-term liabilities	88,260
Stockholders' equity-common	208,591
Total Liabilities and stockholders' equity	$359,329

Income Statement
Sales	$90,774
Cost of goods sold	40,848
Gross margin	$49,926
Operating expenses	24,465
Net income	$25,461

Number of shares of common stock	5,755
Market price of common stock	$34

What is the quick ratio for this company?

Reference no: EM13581661

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