1.99 See Answer

Question: Cash is $12,000, net accounts receivable


Cash is $12,000, net accounts receivable amounts to $18,000, inventory is $21,000, prepaid expenses total $3,000, and current liabilities are $37,500. What is the quick ratio?

a. 1.44
b. 1.36
c. 0.80
d. 0.88


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> Net income was $175,000 in 2014, $190,000 in 2015, and $209,000 in 2016. The change from 2015 to 2016 is an increase of ____ percent. a. 10 b. 9 c. 8 d. 19

> Find the Columbia Sportswear Company Annual Report located in Appendix A and go to the Selected Financial Data starting on page 646. Now access the 2014 Annual Report for Under Armour, Inc. from the Internet. For instructions on how to access the report

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> Which statement is most likely to be true? a. An increase in inventory turnover indicates that inventory is not selling as quickly as it was. b. A decrease in inventory turnover indicates that inventory is not selling as quickly as it was. c. A change i

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> What are the major goals of each of the following types of ratios? a. Liquidity ratios b. Asset management ratios c. Solvency ratios d. Profitability ratios e. Market analysis ratios

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1.99

See Answer