Liquidity ratio: Zidane Enterprises has a current ratio of 1.92, current liabilities of $272,934, and inventory of 197,333. What is the firm's quick ratio?
A) 0.72
B) 1.20
C) 1.92
D) None of the above
Answer: B
Liquidity ratio: Zidane Enterprises has a current ratio of 1.92, current liabilities of $272,934, and inventory of 197,333. What is the firm's quick ratio?
A) 0.72
B) 1.20
C) 1.92
D) None of the above
Answer: B