The following information was taken from the most recent balance sheet of collectible calendars, inc.: cash & cash equivalents $32,000 short-term investments 8,000 current receivables (net) 64,000 current liabilities 92,000 what is collectible calendars quick ratio (round to two decimal places)?

1.130

Explanation:

Given:

Cash & Cash Equivalents = $32,000

Short-term Investments = $8,000

Current Receivables (Net) = $64,000

Current Liabilities = $92,000

Now,

The quick ratio is the ratio of the sum of the cash, cash equivalents and net receivables to the current liability of a firm

Therefore,

for the given question

quick ratio =

or

quick ratio =

or

quick ratio = 1.130

due to the changes the federal reserve is making the unused reserves will impact the economy by them facing inflation. inflation is definfed as the increase in pricing of a good or service but the decline of the value of money used for purchasing those items. when the economy has a high inflation rate, they are subject to money loss and hurt on the economy.

answer; the above statement is (true);