-Given the Above Data,calculate the Quick Ratio for the Firm

$\begin{array}{|l|r|r|}\hline \text { B.S item/year } & {\mathbf{2 0 0 9}} & {\mathbf{2 0 1 0}} \\\hline \text { Cash } & 9000 & 3000 \\\hline \text { Receivables } & 22000 & 10000 \\\hline \text { Inventory } & 20000 & 12000 \\\hline \text { Current assets } & \mathbf{3 7 0 0 0} & \mathbf{2 5 0 0 0} \\\hline \text { Non-current assets } & \mathbf{5 5 0 0 0} & \mathbf{6 0 0 0 0} \\\hline \text { Current liabilities } & \mathbf{5 4 0 0 0} & \mathbf{3 0 0 0 0} \\\hline \text { Non-current liabilities } & \mathbf{4 0 0 0 0} & \mathbf{4 5 0 0 0} \\\hline\end{array}$
-Given the above data,calculate the quick ratio for the firm for 2009.

A) $0.135$
B) $0.531$
C) $0.574$
D) $1.156$

Correct Answer:

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Access For Free