Ricks acid test or quick ratio, Accounting Basics

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Ricks acid test or quick ratio

Rick's has a cash balance of $80,000; short-term investments of $20,000; net receivables of $60,000; and inventory of $450,000. Current liabilities total $200,000. Ricks' acid test (quick ratio) is within:

A. 3.05 to 1.

B. 2.25 to 1.

C. 0.80 to 1.

D. 0.54 to 1.

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Accounting Basics: Ricks acid test or quick ratio

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Accounting Basics: Ricks acid test or quick ratio

Reference No:- TGS047940

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Find payback period and the average accounting return

Q : Estimation of structural modification

Q : Current ratio for a company with current assets

Q : Find marginal cost and an average cost schedule for firm

Q : Ricks acid test or quick ratio

Q : Determining the return on total assets

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Q : How many firms to expect there to be in industry

Q : Problem about ending accounts receivable balance

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Accounting Basics: Ricks acid test or quick ratio

Reference No:- TGS047940

Recent Questions Asked Accounting Basics

Q : Find payback period and the average accounting return

Q : Estimation of structural modification

Q : Current ratio for a company with current assets

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Q : Ricks acid test or quick ratio

Q : Determining the return on total assets

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