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What will be effect in the current and quick ratio after this? Sells a vacant lot for $20,000 that had been used in its operations.
I'm wondering about the effect on the current and quick ratio if a company sells a vacant lot for $20,000 that had been used in its operations. Can you help me with that?
Sure, I'd be happy to assist you. When a company sells a vacant lot for $20,000 that had been used in its operations, it will have an effect on both the current and quick ratios. The current and quick ratios may increase or decrease depending on how the company uses the proceeds from the sale.