Shown below are selected data from the balance sheet of Compros, a small electronics store (dollar amounts are in thousands):
$$\begin{array} { | l | r | }
\hline \text { Cash } & \$ 75 \
\hline \text { Accounts receivable } & \$ 135 \
\hline \text { Inventory } & \$ 240 \
\hline \text { Total assets } & \$ 900 \
\hline \text { Current liabilities } & \$ 300 \
\hline \text { Non current liabilities } & \$ 375 \
\hline
\end{array}$$
-Refer to the above data. What is the quick ratio?
A) 1.5 to 1.
B) .7 to 1.
C) .45 to 1.
D) Some other amount.

Question

Shown below are selected data from the balance sheet of Compros, a small electronics store (dollar amounts are in thousands):
$$\begin{array} { | l | r | } 
\hline \text { Cash } & \$ 75 \
\hline \text { Accounts receivable } & \$ 135 \
\hline \text { Inventory } & \$ 240 \
\hline \text { Total assets } & \$ 900 \
\hline \text { Current liabilities } & \$ 300 \
\hline \text { Non current liabilities } & \$ 375 \
\hline
\end{array}$$
-Refer to the above data. What is the quick ratio?
A) 1.5 to 1.
B) .7 to 1.
C) .45 to 1.
D) Some other amount.

Quizplus · Accepted Answer

The Answer of Shown below are selected data from the balance sheet of Compros, a small electronics store (dollar amounts are in thousands):
$$\begin{array} { | l | r | } 
\hline \text { Cash } & \$ 75 \
\hline \text { Accounts receivable } & \$ 135 \
\hline \text { Inventory } & \$ 240 \
\hline \text { Total assets } & \$ 900 \
\hline \text { Current liabilities } & \$ 300 \
\hline \text { Non current liabilities } & \$ 375 \
\hline
\end{array}$$
-Refer to the above data. What is the quick ratio?
A) 1.5 to 1.
B) .7 to 1.
C) .45 to 1.
D) Some other amount.

Shown Below Are Selected Data from the Balance Sheet of Compros