Quick Ratio
Use the following information to compute the quick ratio:
|
Long Term Loan Payable |
$ 1,100 |
|
Accounts Receivable |
1,750 |
|
Cash |
400 |
|
Cost of Goods Sold |
10,000 |
|
Accrued Wages Payable |
250 |
|
Inventory |
4,000 |
Quick Ratio
Use the following information to compute the quick ratio:
|
Long Term Loan Payable |
$ 1,100 |
|
Accounts Receivable |
1,750 |
|
Cash |
400 |
|
Cost of Goods Sold |
10,000 |
|
Accrued Wages Payable |
250 |
|
Inventory |
4,000 |