A firms current ratio is 1.7 and quick ratio is 1.0. If its current liabilities are $13,900 what are its inventories?
Your answer should show at least the first 3 rounded non-zero digits followed by zeros.
A) For Example: If the answer is 278,915, the first 3 rounded non-zero digits is 279 and an answer of 279,000 is acceptable. An answer of 278,915 is also acceptable.
B) Another Example: Suppose the answer is 0.08297, then an answer of 0.083 is acceptable. 0.0830 and 0.08297 are also acceptable.
2. Do not use currency signs. Suppose the answer is $40.42, then you should answer 40.4 or 40.42.
3. Do not use (…) to show negative quantities. If the answer is –0.5192, then do not answer (0.519), rather answer –0.519 or –0.5192.
4. When you have a question that may be answered as a percentage, answer it instead as a decimal. For example, if the answer for a rate of return is 10.5%, then enter the answer as 0.105 instead of 10.5 or 10.5%. Basically answer the question as the actual number instead of answering it as a percentage.