Help With Math Question

Mathematics
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What is the quick ratio if cash is $10,000, accounts receivable are $25,000, inventories are $30,000, accounts payable are $40,000, and accrued payroll is $15,000

May 21st, 2015


quick ratio=cash in hand+cash at bank+receivables+marketable securities/current liabilities

quick ratio=(10000+25000+30000)(/40000+15000)=1.18


quick ratio is 1.18

May 21st, 2015

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