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Stimac Corporation has total cash of $245,000, no marketable securities, total current receivables ...

kady

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Stimac Corporation has total cash of $245,000, no marketable securities, total current receivables ...

Stimac Corporation has total cash of $245,000, no marketable securities, total current receivables of $316,000, total inventory of $165,000, total prepaid expenses of $60,000, total current assets of $786,000, total current liabilities of $282,000, total stockholders’ equity of $1,714,000, total assets of $2,465,000, and total liabilities of $751,000. The company’s acid-test (quick) ratio is closest to:

▸ 2.20

▸ 1.82

▸ 2.79

▸ 1.99

Textbook

Introduction to Managerial Accounting: Brewer Edition: 9e

Edition: 9^th

Authors: Brewer, Garrison, Noreen

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shindh02

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More solutions for this book are available here

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kady Author

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Correct

novae

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Smart ... Thanks!

jakechambo3

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This helped my grade so much Perfect

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