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Balance Sheet Current assets Cash 1,100,000 Acc receivable not given Inventories 1,390,000 Fixed assets 4,160,000 TOTAL...

Balance Sheet
Current assets
Cash 1,100,000
Acc receivable not given
Inventories 1,390,000
Fixed assets 4,160,000
TOTAL ASSETS 7,300,000

Current liabilities
Acc payable not given
Long-term debt 2,200,000
Common stock 800,000
Retained earnings 3,100,000
TOTAL LIAB and EQUITY 7,300,000

Income Statement
Sales 14,600,000
Operating expense 12,410,000
EBIT 2,190,000
Interest expense 242,000
EBT 1,948,000
Taxes 779,000
Net income 1,169,000
What is the firm's quick ratio?


What is the firm's quick ratio?

A.0.92

B.2.62

C.2.08

D.0.51

E.1.46
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