What is the quick ratio

Assignment Help Accounting Basics
Reference no: EM133042762

Question - Based on the following data, what is the quick ratio, rounded to one decimal point?

Accounts payable $35,000

Accounts receivable 63,000

Accrued liabilities 8,000

Cash 33,000

Intangible assets 59,000

Inventory 79,000

Long-term investments 83,000

Long-term liabilities 102,000

Marketable securities 32,000

Fixed assets 690,000

Prepaid expenses 6,000

Reference no: EM133042762

Questions Cloud

Design a training program : Explain how to decide to purchase or design a training program and how to write effective request for proposal (RFP)?
Text-based mining in digital forensics. : Techniques such as effective digital text analysis strategy, Research the tools and techniques used for text mining as part of my final project.
Strategic business partnership role of people : Apply SHRM theories to analyze the strategic business partnership role of people managers in the following scope of functions in ensuring a long-term sustained
Evaluate a study of a health policy : -Can you describe and critically evaluate a study of a health policy such as the 21st Century Cures Act intended to support or regulate information technology i
What is the quick ratio : Based on the following data, what is the quick ratio, rounded to one decimal point? Accounts payable $35,000 and Cash 33,000
Evidence-based health policy development : How does evidence-based health policy development for the 21st Century Cures Act affect mental healthcare needs of the U.S. Population?
Evaluate mobile websites and mobile app : Which usability inspection method do you feel is best suited to evaluate mobile Websites? Mobile app?
Discuss the consequences of organizations : Please answer the questions in a very detailed manner . Please dont provide any short answers. Read both the questions very carefully
Determine the dollar amount for each type of service : The company's fixed costs are $15,770,000 (that is, $78,850 per service outlet). Determine the dollar amount for each type of service

Reviews

Write a Review

Accounting Basics Questions & Answers

  Find Which a FIFO perpetual inventory system?

Find Which a FIFO perpetual inventory system? assigns the most recent costs to cost of goods sold when goods are sold./ assigns the most recent costs to ending

  Make a transaction journal for calculating costs

Employing 25 workers at a cost of IDR 1,000 per hour takes 10 days with a day working 8 hours. Make a transaction journal for calculating costs

  Break-even analysis is useful for non-profit organizations

break-even analysis is useful for non-profit organizations since their purpose is not to make a profit

  Prepare the acquisition analysis at july

Prepare the acquisition analysis at 1 July 2013. On 1 Jan 2017 White Ltd sold inventory to Black Ltd costing $30,000 for $50,000.

  What is the income to noncontrolling interest

Jensen Corporation sells a machine to its 80 percent subsidiary. What is income to noncontrolling interest in 2015 if Dukes has reported net income of $184,000?

  Marison company makes two products x and y the contribution

marison company makes two products x and y. the contribution margin for x is 2 and the contribution margin for y is 3.

  What amount should be capitalized as a general capital asset

The City of Green Hills constructed a new storage facility using the city's own public works employees. What amount should capitalized as general capital asset

  Calculate the number of pounds of raw materials

It is currently estimated that 26,500 pounds of raw material will be on hand at the end of June. Calculate the number of pounds of raw materials

  Prepare the Statement of Cash Flows for Mitchell Company

Dividends paid were $30,000. Use this information to prepare the Statement of Cash Flows for Mitchell Company using the indirect method

  How much is the interest payment for this loan

To start an RTW business, you took a loan of Php50,000. How much is the interest payment for this loan on the third year (using amortization)

  Record the november transactions by making entries directly

Record the November transactions by making entries directly to the T-accounts provided. Next, help with a trial balance as of November 30

  What amount would be in your account in year 5

Suppose you make 5 annual deposits of $1,000 in a savings account paying 6% compounded annually

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