Advanced Placement (AP), 01.10.2019 21:00 plshelpomg
As of december 31, the stanford company has the following information. use this information to answer questions 1 to 3.
cash $5,000
accounts receivable 15,000
inventory 40,000
prepaid insurance 3000
long-term assets 100,000
accounts payable 15,000
notes payable in 5 months 12,500
salary payable 25,000
notes payable in 5 years
35,000
owner’s equity 98,000
1. what is the company's quick ratio?
question 1 options:
1.70
0.70
0.38
1.25
Answers: 3
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As of december 31, the stanford company has the following information. use this information to answe...
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