Business, 23.01.2020 20:31 mrme41

Quick ratio gmeiner co. had the following current assets and liabilities on december 31 of two recent years: current year previous year current assets: cash $ 486,000 $ 500,000 accounts receivable 210,000 200,000 inventory 375,000 350,000 total current assets $1,071,000 $1,050,000 current liabilities: current portion of long-term debt $ 145,000 $ 110,000 accounts payable 175,000 150,000 accrued and other current liabilities 260,000 240,000 total current liabilities $ 580,000 $ 500,000 a. determine the quick ratio for december 31 of both years. if required, round your answers to one decimal place.

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Quick ratio gmeiner co. had the following current assets and liabilities on december 31 of two recen...

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