The following are the ledgers of XYZ Company for the year ended December 31, 2017. Net Sales 1,890,540.00 Cash 60,100.00 Cost of Goods Sold 1,058,540.00 Short-term Investments 74,000.00 Accounts...

What is the company’s quick ratio?

The following are the ledgers of XYZ Company for the year ended December 31, 2017.<br>Net Sales<br>1,890,540.00<br>Cash<br>60,100.00<br>Cost of Goods Sold<br>1,058,540.00<br>Short-term Investments<br>74,000.00<br>Accounts Receivable<br>Operating Expenses<br>Interest Expense<br>506,000.00<br>107,800.00<br>25,000.00<br>Merchandise Inventory<br>133,000.00<br>Income Tax Expense<br>86,000.00<br>Machineries, net<br>615,300.00<br>Accounts Payable<br>Income Taxes Payable<br>Long-term Notes Payable<br>Owner's Equity<br>160,000.00<br>43,500.00<br>210,000.00<br>576,700.00<br>

Extracted text: The following are the ledgers of XYZ Company for the year ended December 31, 2017. Net Sales 1,890,540.00 Cash 60,100.00 Cost of Goods Sold 1,058,540.00 Short-term Investments 74,000.00 Accounts Receivable Operating Expenses Interest Expense 506,000.00 107,800.00 25,000.00 Merchandise Inventory 133,000.00 Income Tax Expense 86,000.00 Machineries, net 615,300.00 Accounts Payable Income Taxes Payable Long-term Notes Payable Owner's Equity 160,000.00 43,500.00 210,000.00 576,700.00

Jun 11, 2022

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The following are the ledgers of XYZ Company for the year ended December 31, 2017. Net Sales 1,890,540.00 Cash 60,100.00 Cost of Goods Sold 1,058,540.00 Short-term Investments 74,000.00 Accounts...

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