What is the quick ratio, Galaxy United, Inc. 2009 Income

What is the quick ratio

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Reference no: EM131351317

Galaxy United, Inc. 2009 Income Statement ($ in millions) Net sales $8,500 Less: Cost of goods sold 7,210 Less: Depreciation 400 Earnings before interest and taxes 890 Less: Interest paid 86 Taxable Income 804 Less: Taxes 281 Net income $ 523 Galaxy United, Inc. 2008 and 2009 Balance Sheets ($ in millions) 2008 2009 2008 2009 Cash $ 110 $ 160 Accounts payable $1,110 $1,140 Accounts rec. 940 790 Long-term debt 1,030 1,308 Inventory 1,480 1,530 Common stock $3,110 $2,910 Sub-total $2,530 $2,480 Retained earnings 520 742 Net fixed assets 3,240 3,620 Total assets $5,770 $6,100 Total liab. & equity $5,770 $6,100 What is the quick ratio for 2009? 2.28 .95 .83 2.18 1.34

Reference no: EM131351317

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What is the quick ratio : Galaxy United, Inc. 2009 Income Statement ($ in millions) Net sales $8,500 Less: Cost of goods sold 7,210 Less: Depreciation 400 Earnings before interest and taxes 890 Less: Interest paid 86 Taxable Income 804 Less: What is the quick ratio for 2009? ..

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