Tasty Dee-Lite has current liabilities of $6,630, net working capital of $2,180, inventory of $2,750, and sales of $36,800. What is the quick ratio?
A) 0.76
B) 0.84
C) 0.91
D) 1.09
E) 1.19

Name: Tasty Dee-Lite has current liabilities of $6,630, net working capital of $2,180, inventory of $2,750, and sales of $36,800. What is the quick ratio? A) 0.76 B) 0.84 C) 0.91 D) 1.09 E) 1.19
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Question

Quizplus · Accepted Answer

Quick ratio = (Current assets - Inventory) / Current liabilities= (2,180 + 2,750 - 2,750) / 6,630= 2,180 / 6,630= 0.91

Tasty Dee-Lite Has Current Liabilities of $6,630, Net Working Capital