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:
Step-by-step explanation:
Since we're finding the product, we have to multiply:
×
You can simplify in this stage by using the "butterfly method", and dividing by
, and
by
, you'd then have:
×
Multiply the numerators and the denominators to get:
~
If you prefer the longer way, again, multiply:
×
Multiply the numerators and the denominators:
Simplify the fraction by dividing both the numerator and denominator by :
Answer:
.
Step-by-step explanation:
We use the Venn diagram to calculate the desired probabilities.
Note that there are 6 possible results in the sample space
S = {1, 2, 3, 4, 5, 6}
Then note that in the region representing the intercept of A and B there are two possible values.
So
In the region that represents event A there are 4 possible outcomes {4, 5, 1, 2}
So
In the region that represents event B there are 3 possible outcomes {1, 2, 6}
So
.
Now