Practicing Success
Balance Sheet of XYZ Ltd. EQUITY AND LIABILITIES |
From the above Balance Sheet calculate Quick Ratio. |
2:1 1.5:1 3:1 1:1 |
1:1 |
CURRENT ASSETS = Inventories 25,000 + Trade Receivables 45,000 + Cash & Cash Equivalents 10,000 + Prepaid Expenses 30,000 |