Nielsen's Has Inventory of $29,406, Accounts Receivable of $46,215, Net

question 43

Multiple Choice

Nielsen's has inventory of $29,406, accounts receivable of $46,215, net working capital of $4,507, and accounts payable of $48,919. What is the quick ratio?

• A) 1.55
• B) 0.49
• C) 1.32
• D) 0.94
• E) 0.92