Homework Clinic

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

Title: Picasso's Paint Supply has cash of $153,000; net Accounts Receivable of $99,000; short-term ...
Post by: renzo156 on Feb 18, 2020

Picasso's Paint Supply has cash of $153,000; net Accounts Receivable of $99,000; short-term investments of $43,000 and prepaid expenses of $43,000. It also has $50,000 in current liabilities and $75,000 in long-term liabilities. What is the quick ratio for Picasso's Paint Supply?
◦ 5.90
◦ 2.36
◦ 3.06
◦ 6.76

Title: Picasso's Paint Supply has cash of $153,000; net Accounts Receivable of $99,000; short-term ...
Post by: 1_Step_At_ATime on Feb 18, 2020

5.90

Title: Re: Picasso's Paint Supply has cash of $153,000; net Accounts Receivable of $99,000; short-term ...
Post by: sarah toma on Apr 20, 2021

Thank you!