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Home Q & A Board Other Fields Homework Help Business Accounting
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Fast2F Fast2F
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7 years ago
A company has $50,000 in cash, $15,000 in accounts receivable, $25,000 in temporary investments and $125,000 in merchandise inventory. The company has $50,000 in current liabilities. The company's acid test (quick) ratio is:
A) 4.30.
B) 0.526.
C) 1.80.
D) 1.30.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
Author:
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OmpaOmpa
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7 years ago
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Fast2F Author
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#2
7 years ago
I was skeptical at first but decided to give this a try.

Happy I did, you guys are so smart
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