uppose you are analyzing a competitor of Levi\'s Luxury Shop and determine cash

Question

uppose you are analyzing a competitor of Levi's Luxury Shop and determine cash of $2,000, accounts receivable of $3,700, fixed assets of $10,900, accounts payable of $6,600, and inventory of $4,100. What is the quick ratio? Answer 0.30 0.67 0.86 1.48 3.30 uppose you are analyzing a competitor of Levi's Luxury Shop and determine cash of $2,000, accounts receivable of $3,700, fixed assets of $10,900, accounts payable of $6,600, and inventory of $4,100. What is the quick ratio? 0.30 0.67 0.86 1.48 3.30 0.30 0.67 0.86 1.48 3.30

Explanation / Answer

Quick Ratio = (Current Assets - Inventories) / Current Liabilities

=(2000+3700-4100)/6600

=0.24

but i donno why this option is not there

(2000+3700)/6600=0.86 may be your answer

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