A company had current assets of $550,000 and a current ratio of


Question Description:

24.99

A company had current assets of $550,000 and a current ratio of 2.0. The current assets consist of Cash of $50,000, Short-term investments of $150,000, Accounts receivable of $50,000, and Inventory of $300,000. What is the company’s quick ratio? and how do you find it?

Answer

24.99