Norton Company has the following assets on January 1, 2010 and January 1, 2009.
If Norton's quick ratio is 2.60 for 2010 and its current liabilities are $512,000, what is the amount of its accounts receivables?
a. $324,000
b. $204,800
c. $715,200
d. There is not enough information to answer this question.
Definitions:
Web-based Scorecard
An online tool that displays performance metrics and benchmarks to track and evaluate operational success.
Recycled Content
Materials that have been recovered or diverted from the waste stream and are used to make new products, reducing the need for virgin resources.
Energy Consumption
The total amount of energy used by a system, facility, or process, often measured in kilowatt-hours (kWh) or megajoules.
Benchmark
A standard or point of reference against which things may be compared or assessed.
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