question archive Selected items from Excellent Company's Statement of Financial Position had balances as follows: Cash 455,000 Accounts Receivables 900,000 Inventory 650,000 Prepaid Assets 68,000 Accrued liabilities 285,000 Accounts Payable 550,000 Notes payable (current portion amounts to P65,000) 650,000 You were requested by the manager to calculate the following for decision-making: 1
Selected items from Excellent Company's Statement of Financial Position had balances as follows: Cash 455,000 Accounts Receivables 900,000 Inventory 650,000 Prepaid Assets 68,000 Accrued liabilities 285,000 Accounts Payable 550,000 Notes payable (current portion amounts to P65,000) 650,000 You were requested by the manager to calculate the following for decision-making: 1
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Selected items from Excellent Company's Statement of Financial Position had balances as follows:
Cash 455,000
Accounts Receivables 900,000
Inventory 650,000
Prepaid Assets 68,000
Accrued liabilities 285,000
Accounts Payable 550,000
Notes payable (current portion amounts to P65,000) 650,000
You were requested by the manager to calculate the following for decision-making:
1. The current ratio is Answer
2. The quick ratio is _____
3. The cash ratio is _____
Option 1
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Option 2
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