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 16-3B
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Section:
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Instructions
0%
c.
Quick Ratio
=
[Key code here]
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=
Current Ratio
=
An asterisk (*) will appear to the right of an incorrect entry.
1.
a. Working Capital = Current Assets –Current Liabilities
b. Current Assets
Current Liabilities
=
Quick Assets
Current Liabilities
=
2. Current Quick Current Working Current Quick
Transaction Assets Assets Liabilities Capital Ratio Ratio
a. 3,200,000$ 2,200,000$ 2,000,000$ 1,200,000$ 1.6 1.1
Current Ratio
=
ON
Problem 16-3B
Name:
Solution
Section:
Cells with non-gray backgrounds are protected and cannot be edited.
Score:
Instructions
Answers are entered in the cells with gray backgrounds.
c.
Quick Ratio
=