A PORTION OF A COMPANY'S BALANCE SHEET APPEARS IN THE FOLLOWING TA...

90. - MOCK AND SAMPLE EXAMS CFA LEVEL I MOCK EXAM MORNING VERSIONB QUESTIONS 2014
MOCK AND SAMPLE EXAMS CFA LEVEL I MOCK EXAM MORNING VERSIONB QUESTIONS 2014

90.

A portion of a company's balance sheet appears in the following table (euros in millions): Cash 4,000Marketable securities 17,000Accounts receivable 225,000Inventory 229,000 Total current assets 475,000Current liabilities 339,000The company’s quick ratio is closest to: A. 1.40. B. 0.06. C. 0.73.