Homework Clinic

Social Science Clinic => Accounting => Topic started by: renzo156 on Feb 18, 2020

Title: Shaman, Inc. has cash of $38,000; net Accounts Receivable of $43,000; short-term investments of ...
Post by: renzo156 on Feb 18, 2020

Shaman, Inc. has cash of $38,000; net Accounts Receivable of $43,000; short-term investments of $14,000 and inventory of $25,000. It also has $25,000 in current liabilities and $43,000 in long-term liabilities. What is the quick ratio for Shaman, Inc.?
◦ 3.80
◦ 0.88
◦ 1.40
◦ 4.80

Title: Shaman, Inc. has cash of $38,000; net Accounts Receivable of $43,000; short-term investments of ...
Post by: TheDev123 on Feb 18, 2020

3.80