Carl's Toy Factory Had the Following Items Listed on Its

question 56

Multiple Choice

Carl's Toy Factory had the following items listed on its balance sheet.Cash,1,590;Accounts receivable,5,746;Accounts payable,9,563;Inventory,7,879;Equipment,35,743;Land,50,000;Buildings,135,487;Mortgage,125,276.Based on this information what was Carl's quick ratio?

• A)2)14
• B)0)77
• C)1)37
• D)1)59

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Definitions:

Business Plan

A detailed document outlining the objectives of a business, the strategy and tactics planned to achieve them, and the expected financial performance over a specified period.