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Liquidity Ratios You have the following information on Marco& 39s Polo Shop total liabilities and equity $211 million current liabilities $51 million inventory $66 million and quick ratio

Liquidity Ratios You have the following information on Marco's Polo Shop: total liabilities and equity = $211 million; current liabilities = $51 million, inventory = $66 million, and quick ratio = 2.4 times. Using this information, what is the balance for fixed assets on Marco Polo's balance sheet?

A. $52.6 m

B. $94 m

C. $88.6 m

D. $22.6 m

 

May 18 2020 View more View Less

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