arry Co. has a networking capital of P144,000 and a current ratio of 2.5. There are inventories amounting to P124,800 . What is the quick acid test ratio ?

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter7: Analysis Of Financial Statements
Section: Chapter Questions
Problem 7P: Ace Industries has current assets equal to 3 million. The companys current ratio is 1.5, and its...
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Larry Co. has a networking capital of P144,000 and a current ratio of 2.5. There are inventories amounting to P124,800 . What is the quick acid test ratio ?
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