Business, 03.05.2021 15:10 TylerU2770

Click to watch the Tell Me More Learning Objective 7 video and then answer the questions below. 1. The quick ratio is computed as divided by . assets; quick liabilities quick assets; quick liabilities quick assets; current liabilities current assets; current liabilities 2. Lilac Company reported the following financial data for the year ended December 31: Cash $50,000 Accounts receivable 40,000 Inventory 25,000 Total assets 150,000 Current liabilities 49,000 Total liabilities 99,000 Lilac's quick ratio for the year ended December 31 is 1.5. 1.8. 2.4. 4.2.

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