Walker Company Has the Following Assets on January 1, 2010

question 87

Essay

Walker Company has the following assets on January 1, 2010 and January 1, 2009.
If Walker's quick ratio is 3.00 for 2010, what is the amount of its current liabilities?
a. $325,000
b. $259,000
c. $285,000
d. There is not enough information to answer this question.

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Definitions:

Interstate Highway

A network of controlled-access highways that form part of the National Highway System in the United States, facilitating interstate and long-distance travel.

Nonexcludability

A characteristic of public goods where it is impossible or highly costly to exclude individuals from consuming the good.

Marginal Costs

The hike in total expenditure resulting from the production of an incremental unit of a product or service.

Marginal Benefits

The incremental enjoyment or usefulness received from consuming or manufacturing another unit of a commodity or service.