An asterisk (*) will appear to the right of an incorrect entry.
1.
a. Working Capital = Current Assets –Current Liabilities
=
Working Capital =
b. Current Assets
Current Liabilities
Quick Assets
Current Liabilities
Quick Ratio =
=
2. Current Quick Current Working Current Quick
Transaction Assets Assets Liabilities Capital Ratio Ratio
a.
b.
c.
d.
e.
f.
Problem 16-3A
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=
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Current Ratio
=
c.
Quick Ratio
=
An asterisk (*) will appear to the right of an incorrect entry.
1.
b. Current Assets
Current Liabilities
=
Quick Assets
Current Liabilities
=
2. Current Quick Current Working Current Quick
Transaction Assets Assets Liabilities Capital Ratio Ratio
a. 1,650,000$ 900,000$ 750,000$ 900,000$ 2.2 1.2
Current Ratio
=
ON
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Score:
Instructions
Answers are entered in the cells with gray backgrounds.
c.
Quick Ratio
=
Problem 16-3A
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Solution
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