Current Asset 120 000 Cash 20 000 Accounts Receivable 45 000 Short-term investments 12 000 Merchandise Inventory 42 000 Current Liabilities 68 000 What is the company's current ratio? What is the company's quick ratio?

Current Asset 120 000 Cash 20 000 Accounts Receivable 45 000 Short-term investments 12 000 Merchandise Inventory 42 000 Current Liabilities 68 000 What is the company's current ratio? What is the company's quick ratio?

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Description: Current Asset 120 000Cash 20 000Accounts Receivable 45 000Short-term investments

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 7P: Ace Industries has current assets equal to 3 million. The companys current ratio is 1.5, and its...

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OFFON

Current Asset                                                120 000
Cash                                                                 20 000
Accounts Receivable                                    45 000
Short-term investments                                12 000
Merchandise Inventory                                 42 000
Current Liabilities                                           68 000

What is the company's current ratio?
What is the company's quick ratio?

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