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Secure https://www.math l.com/Student PlayerHomework.aspx?home orkId-488999043aquestionid sanushedstale dd-50704378 ?? ACCT-130-45: Financial Accounting- Summer 2018 (2018U7B) zohal yuridullah & 7/21/18 6:08 PM Homework: Week 3: Chapter 5 Homework Score: 0 of 1 pt E5-25A (book/static) Save 5of5 (1 complete) HW Score: 333%, 0.170f 5 pts Question Help * Marshall, Inc., reported the following items at December 31, 2016, and 2015 EB (Click the icon to view the comparative financial information ) Requirements 1. Compute Marshalrs (a) quick (acid-test) ratio and (b) days' sales outstanding for 2016. Evaluate each ratio value as strong or weak. All sales are on account with terms of net 30 days Recommend two ways for Marshall to speed up its cash flow from receivables 2. Requirement 1. Compute Marshai's (a) quick (acid-test) ratio and (b) days' sales oulstanding for 2016. Evaluate each ratio value as strong or weak. All sales are on account with terms of net 30 days e) Enter the formula and calculate the quick (acid-test)ratio for 2016. (Abbreviation used: Cash- Cash and cash equivalents Round your inal answer to two decimal places.) -Quick (acid-test) ratio Choose ftrom any list or enter any number in the input hields and then click Check Answer Clear All Check Answer remaining

Explanation / Answer

Quick acid test ratio = liquid current assets / total current liabilities

Liquid current assets includes cash, cash equivalents, short-term marketable securities, accounts receivable, etc.

(DATA IS NOT PROVIDED FOR SOLVING THE QUESTION)

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