A firm has the following balance sheet information: total assets = $100,000; current assets = $30,000; inventories = $10,000; cash = $5,000; total liabilities = $30,000; current liabilities = $15,000; and notes payable = $2,000. What is the firm's quick ratio?
A)1.00
B)1.11
C)1.22
D)1.33

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The Answer of A firm has the following balance sheet information: total assets = $100,000; current assets = $30,000; inventories = $10,000; cash = $5,000; total liabilities = $30,000; current liabilities = $15,000; and notes payable = $2,000. What is the firm's quick ratio?
A)1.00
B)1.11
C)1.22
D)1.33

A Firm Has the Following Balance Sheet Information: Total Assets