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July 26, 2014

Homework Help: Business Math

Posted by LaDonna on Friday, June 14, 2013 at 10:37am.

The balance sheet of Karim Imports lists the following account balances: cash $6,450; supplies $1,200; accounts receivable $15,360;office equipment $8,500; merchandise inventory $28,775; current assets $65,800; accounts payable $12,650; mortgage payable $45,380; currentl liabilities $32,240. What is Karim Imports quick ratio? (round answer to the nearest tenth).

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