Calculate C Co's quick ratio for 2012 and 2011 respectively.
A) .55 and .64
B) .37 and .40
C) .56 and .54
D) .30 and .32

Name: Calculate C Co's quick ratio for 2012 and 2011 respectively. A) .55 and .64 B) .37 and .40 C) .56 and .54 D) .30 and .32
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Quizplus · Accepted Answer

Quick ratio is calculated as (Current assets - Inventory) / Current liabilities. Based on the given ratios, option B provides the closest values to the preferred quick ratio range of 1:1, indicating healthy liquidity.

Calculate C Co's Quick Ratio for 2012 and 2011 Respectively