What amount does a company expect to collect from AccountsReceivable?
A) gross amount of Accounts Receivable
B) net realizable value of Accounts Receivable
C) gross amount of Accounts Receivable minus Allowance forUncollectible Accounts
D) B and C
Emma Jones Company has the following information available:
Account | 12/31/2019 | 12/31/2018 |
Accounts Payable | $76,500 | $80,000 |
Accounts Receivable, net | 42,300 | 49,000 |
Cash and Cash Equivalents | 43,700 | 70,000 |
Inventories | 100,000 | 99,000 |
Long-Term Investments | 20,000 | 100,000 |
Short-Term Investments | 27,000 | 44,000 |
Income Taxes Payable | 2,000 | 5,000 |
Long-Term Notes Payable | 20,000 | 30,000 |
Did the quick ratio improve from 2018 to 2019?
A) No.
B) Yes.
C) It stayed the same.
D) There is not enough information.
