Suppose A Company Has Current Assets Of $3 Million. The Companys Current Ratio Is 1.5 And Its Quick Ratio Is 1.0. What Amount Of Current Liabilities Does The Company Have? What Amount Of The Companys Current Assets Is Represented By Inventory?

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Home Fixed Assets

⟩ Suppose A company has current assets of $3 million. The companys current ratio is 1.5 and its quick ratio is 1.0. What amount of current liabilities does the company have? What amount of the companys current assets is represented by inventory?

Current assets/Current Liabilities =1.5

(Current assets minus inventory)/Current Liabilities =1

Thus

Current Liabilities = 2 m

Inventory = 1 m

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Question and Answer:

Home Fixed Assets

⟩ Suppose A company has current assets of $3 million. The companys current ratio is 1.5 and its quick ratio is 1.0. What amount of current liabilities does the company have? What amount of the companys current assets is represented by inventory?

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Question and Answer:

Home Fixed Assets

⟩ Suppose A company has current assets of $3 million. The companys current ratio is 1.5 and its quick ratio is 1.0. What amount of current liabilities does the company have? What amount of the companys current assets is represented by inventory?

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