Use the table for the question(s) below.
Consider the following balance sheet:

-Luther's quick ratio for 2005 is closest to:
A) 0.77
B) 1.31
C) 1.09
D) 0.92

Name: Use the table for the question(s) below. Consider the following balance sheet: -Luther's quick ratio for 2005 is closest to: A) 0.77 B) 1.31 C) 1.09 D) 0.92
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Question

Use the table for the question(s) below.
Consider the following balance sheet:
  
-Luther's quick ratio for 2005 is closest to:
A) 0.77 
B) 1.31 
C) 1.09 
D) 0.92

Quizplus · Accepted Answer

A) quick ratio = (current assets - inventory) / current liabilities
quick ratio = (144.0 - 42.9) / 132 = 0.77

Use the Table for the Question(s) Below