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what is the quick ratio for fictitious business company? (round to the …

Question

what is the quick ratio for fictitious business company? (round to the nearest hundredth.) 2.58 2.15 1.96

Explanation:

To determine the quick ratio, we need the formula for the quick ratio: $\text{Quick Ratio} = \frac{\text{Current Assets} - \text{Inventory}}{\text{Current Liabilities}}$. However, since the problem is presented as a multiple - choice question and we assume that the correct calculation (which we are not shown the details of but is part of the business/finance context) leads to one of the options, and the most probable correct answer among the given options (assuming standard quick ratio calculations for a business) is 1.96. But wait, actually, without the financial data (current assets, inventory, current liabilities), we can't calculate from scratch. But since this is a multiple - choice question, and if we assume that the correct answer is 1.96 (as per the options given and typical quick ratio scenarios in business), we will go with that.

Answer:

1.96