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Quicksilver Co. has cash of $41,000; net Accounts Receivable of $51,000; short-term investments of $15,000 and inventory of $32,000. It also has $28,000 in current liabilities and $39,000 in long-term liabilities. The quick ratio for Quicksilver is:
Present Value
The current value of a future amount of money or stream of cash flows given a specified rate of return.
Current Ratio
A liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year, calculated as current assets divided by current liabilities.
Capitalized Lease
A lease agreement accounted for as an asset and liability on the balance sheet, indicating ownership-like characteristics.
Lessee
The party in a lease agreement who obtains the right to use an asset in exchange for periodic lease payments.
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