Earthrsquos best company has sales of 200000 cost of goods


Earth’s Best Company has sales of $200,000, Cost of Goods Sold of 100,000, a net income of $15,000, and the following balance sheet:

Cash                           $ 10,000            Accounts payable                     $ 30,000

Receivables                    50,000            Other current liabilities                20,000

Inventories                    150,000            Long-term debt                           50,000

Net fixed assets              90,000            Common equity                       200,000

Total assets                $300,000            Total liabilities and equity        $300,000

Calculate the firm’s Quick Ratio?

A. 1.67

B. 0.33

C. 1.2

D. 0.83

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Financial Management: Earthrsquos best company has sales of 200000 cost of goods
Reference No:- TGS01467368

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