Calculate the Quick Ratio from the Following Information of a Manufacturing

question 26

Multiple Choice

Calculate the quick ratio from the following information of a manufacturing firm. Cash in hand = $200,000
Cash at bank = $100,000
Total current assets = $450,000
Accrued expenses = $100,000
Taxes payable = $100,000

• A)3:2
• B)1:2
• C)3:1
• D)4:1
• E)2:2

---

Definitions:

Benefit

A benefit or gain obtained from something.

Persuasive Message

Communication designed to influence the attitudes, beliefs, or actions of the recipient.

Brainstorm

a group or individual creativity technique aimed at generating ideas and solutions.

Effective Reader Benefit

Advantages or improvements a reader gains from engaging with well-written, clear, and purposeful text.