Math question help needed

Mathematics
Tutor: None Selected Time limit: 1 Day

what is the quick ratio if cash is 12,000 accounts receivable is 27,000, inventories is 33,000 and accounts payable 38,000 and accrued payroll is 13,000?

Quick Ratio

=

Cash in hand + Cash at Bank + Receivables + Marketable Securities

Current Liabilities

May 20th, 2015

Quick ratio is 0.76

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May 20th, 2015

I am just curious how did you get this answer for this question?

May 20th, 2015

I used (Cash + receivables) / Liabilities

Inventory doesn't count towards this ratio.

May 20th, 2015

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May 20th, 2015
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May 20th, 2015
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