Business
Business, 06.12.2019 22:31, carrieaj08

Parker lane cafe currently has $160,000 in cash, $380,000 in inventory, and $40,000 in accounts receivable. the company also has $40,000 in accounts payable, and $10,000 in other current liabilities. what is its quick ratio?
a. 11.6: 1
b. 4: 1
c. 3.2: 1

answer
Answers: 3

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Parker lane cafe currently has $160,000 in cash, $380,000 in inventory, and $40,000 in accounts rece...

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