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: 6 customers
Step-by-step explanation:
From the pie chart,
Given;
Cookies and creams = 24%
Mint chocolate chips = 28%
Straw berry = 20%
Vanilla = 12
Butterscotch = 16
No of customers = 25
Solution
How many of the 25 customers named cookies and cream
= 25 x 24/100
= 25 x 0.24
= 6 customers
6 customers named cookies and cream
Calculate the difference between purchase and sales costs:
$52,000 - $42,000 = $10,000
Calculate what fraction of $52,000 is $10,000:
Transform it to the percent: