The cash ratios of four companies are listed below. Company Cash Ratio Juan Corp. 0.21 Rose, Inc. 0.12 Freelance, Inc. 0.20 Pioneer Corp. 0.28 Which company has the highest ability to repay its current liabilities? A. Freelance, Inc. B. Juan Corp. C. Rose, Inc. D. Pioneer Corp.

The cash ratios of four companies are listed below. Company Cash Ratio Juan Corp. 0.21 Rose, Inc. 0.12 Freelance, Inc. 0.20 Pioneer Corp. 0.28 Which company has the highest ability to repay its current liabilities? A. Freelance, Inc. B. Juan Corp. C. Rose, Inc. D. Pioneer Corp.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter8: Current And Contingent Liabilities

Section: Chapter Questions

Problem 33CE: Liquidity Ratios NWAs financial statements contain the following information: Note: Round answers to...

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Question

The cash ratios of four companies are listed below.

Company	Cash Ratio
Juan Corp.	0.21
Rose, Inc.	0.12
Freelance, Inc.	0.20
Pioneer Corp.	0.28

Which company has the highest ability to repay its current liabilities?

Freelance, Inc.

Juan Corp.

Rose, Inc.

Pioneer Corp.

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