From the Information Given Below,calculate the Quick Ratio

question 22

Multiple Choice

From the information given below,calculate the quick ratio. Particulars
Amount (in $)
Particulars
Amount (in $)
Cash
20,000
Accounts payable
11,000
Notes receivable
15,000
Wages payable
5,000
Stock
5,000
Retained earnings
20,000
Inventory
6,000
Notes Payable
8,000

• A).83 times
• B)1.25 times
• C)1.63 times
• D)1.08 times

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Definitions:

Persuasive

Having the ability to convince or influence someone to believe or do something through reasoning or the use of emotive language.

"You Must"

A directive phrase indicating obligation or necessity, often used to emphasize the importance of following a command or advice.

Motivate Action

The process of stimulating interest or initiating an impulse in someone to do something or achieve a goal.

Persuasive Request

A communication aimed to influence, change the mind, or urge the receiver to take some action through convincing arguments.