Answer:
The quick ratio is 4.75:1.
Step-by-step explanation:
From the given information it is clear that:
Cash = $340,000
Inventory = $280,000
Accounts receivable = $40,000
Accounts payable = $65000
Other current liabilities = $15000
Formula for quick ratio:
Substitute Cash = 340000, Current receivables=40000, Current Liabilities= (65000+15000).
Therefore the quick ratio is 4.75:1.
Answer:
of the phones in office has both a speaker phone and a conference-call capability
Step-by-step explanation:
Since total number of phones in the office is not given, the answer will be "in that terms".
let it be x
So built in speaker phones is (1/4)x
Hence conference call phones would be (1/2)(1/4x) = (1/8)x
Hence "1/8th of the phones in office has both a speaker phone and a conference-call capability"