Fill in the liquidity numbers

Exercise and reference answers

Missing parts

1. Answer

   1.4

   Choices

   1. 1.1
   2. 1.4
   3. 2.0

2. Answer

   1.1

   Choices

   1. 1.1
   2. 0.9
   3. 1.4

3. Answer

   23,050

   Choices

   1. 13,050
   2. 23,050
   3. 18,200

Complete the statement

With current assets of $83,200 and current liabilities of $60,150 the current ratio comes to {0}. Removing $15,000 of inventory leaves an acid-test ratio of {1}, and net working capital of ${2}.

Instructions

Tap the value that belongs in each gap.

Explanation