A Company Has $56,000 in Cash; $16,000 in Accounts Receivable;

question 8

Multiple Choice

A company has $56,000 in cash; $16,000 in Accounts Receivable; $26,000 in short-term investments and $101,000 in merchandise inventory. The company also has $56,000 in current liabilities. The company's quick ratio is: (Round your final answer to two decimal places.)

• A)3.55.
• B)1.75.
• C)1.29.
• D)1.00.

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