Use the following information to answer the given question

\(\begin{array}{c|c} & N & & N \\ \hline \text{Ordinary Share Capital} & 140,000 & \text{Plant and Machinery} & 100,000 \\ \text{80% Preference share} & 63,000 & \text{Furniture} & 62,000 \\ \text{Retained earnings} & 40,000 & \text{Motor Van} & 75,000 \\ \text{10% Debentures} & 60,000 & Stock & 22,000 \\ Creditors & 10,000 & Debtors & 26,000 \\ \text{Accrued wages} & 12,000& Bank & 40,000 \\ & \overline{325,000} & & \overline{325,000}\end{array}\)

What is the quick ratio?

Similar Questions

Carriage inwards on raw materials is recorded in the ...

The process of using sales ledger balance to cancel off purchases ledger balance is ...

To correct an error, the purchases account was debited while Suspense account was credited. Which of...

Mark-up on goods sent to branch offices are recorded in the books by creating ...

Subscription owing $6,000 (31/12/2014); Subscription in advance $4,000 (31/12/2014); Cash received...

A source document is used for verifying the  ...

An item of appropriation in partnership profit and loss account is ...

A fall or decrease in the economic service potential of an asset as a result of wear, tear and obsol...

Mini Enterprises Sales Ledger as at 31/12/94 read: N  Balance b/f 12750 Total credit sales 2...

The N6,000 subscription received is? ...