A firm’s financial statements reflect the following:
|
Current liabilities |
$4,000,000 |
|
Cash |
$400,000 |
|
Inventory |
$1,200,000 |
|
Accounts receivable |
$800,000 |
|
Short-term investments |
$2,000,000 |
|
Long-term investments |
$800,000 |
|
Accounts payable |
$2,500,000 |
What are the firm’s current ratio, quick ratio, and cash ratio?
|
Current Ratio |
Quick Ratio |
Cash Ratio |
A.
B.
C.
|
