MCQs>Finance & Management>Financial Accounting>A company has cash of $30,000, accounts receivable of $150,000, inventory of $140,000, and accounts payable of $200,000. Which of the following is correct?
Financial Accounting MCQs
A company has cash of $30,000, accounts receivable of $150,000, inventory of $140,000, and accounts payable of $200,000. Which of the following is correct?
Answer
Correct Answer: The quick ratio is 0.9 : 1 and the current ratio is 1.6 : 1.
Explanation:
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