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For Questions 19-20 - refer to the information below are selected data from the balance...

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Question

Accounting

For Questions 19-20 - refer to the information below are selected data from the balance sheet of Compros, a small electronics store (dollar amounts are in thousands):

Cash $75

Accounts Receivable $135

Inventory $240

Total Assets $900

Current Liabilities $300

Noncurrent Liabilities $375

What is the quick ratio?

Group of answer choices

1.5 to 1

.7 to 1

.45 to 1

.2 to 1

Answer & Explanation Solved by verified expert
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