XYZ Corp. has sales of $1,000,000, and its most recent balance sheet shows $27,000 in Cash, Total Assets of $805,000, Total Liabilities of $287,000, Total Current Assets of $405,000, Total Current Liabilities of $175,000, and Inventory of 210,000.
What are the firm's Current and Quick Ratios?© BrainMass Inc. brainmass.com October 10, 2019, 4:31 am ad1c9bdddf
The solution provides the calculations for XYZ Corp. ratios. The current and quick ratio are both included. The exact method is shown as to how to calculate both ratios for the company.