Question
What will be the quick ratio of the company as per above
information? Refer to the following information to answer the next 4 questions (Q1 to Q4)Solution
Quick Ratio = Quick assets/current liabilities  Quick assets = Current assets - stock                        = 40,000 - 12,000                        = 28,000  Current liabilities = 28,000 (as solved in Q1)  Quick Ratio = 28,000/28,000                        = 1.00
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