Liquidity Ratios: Quick Ratios

[mkteno]

Liquidity ratios: Flying Penguins Corp. has total current assets of $11,845,175, current liabilities of $5,311,020, and a quick ratio of 0.89. What is its level of inventory?

I got the CURRENT RATIO: 11,845,175/5,311,020= 2.23

I cannot find out how to get the QUCIK RATIO without a given inventory??


Quick Ratio= 11,845,175-x/5,311,020=0.89

How do i calculate this without an inventory.PLEASE HELP!

 

[Deleted member 4993]

Liquidity ratios: Flying Penguins Corp. has total current assets of $11,845,175, current liabilities of $5,311,020, and a quick ratio of 0.89. What is its level of inventory?

I got the CURRENT RATIO: 11,845,175/5,311,020= 2.23

I cannot find out how to get the QUCIK RATIO without a given inventory??


Quick Ratio= 11,845,175-x/5,311,020=0.89

How do i calculate this without an inventory.PLEASE HELP!

you have:

(A-x)/B = C

A - x = B*C

x = A - B*C