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Parker Lane Cafe has a quick ratio of 4:1, $160,000 in cash, $380,000 in inventory, and $40,000 in accounts receivable. What are its current liabilities

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Based on Parker Lane Cafe's quick ratio and its receivables, the current liabilities would be $50,000.

What is the quick ratio?

The quick ratio shows the ratio of current assets excluding inventory, to the current liabilities.

The current assets excluding inventory is:

= 160,000 + 40,000

= $200,000

The current liabilities are:

= 200,000 / 4

= $50,000

Find out more on the quick ratio at https://brainly.com/question/13308997

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