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Home Q & A Board Other Fields Homework Help Business Accounting
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harra harra
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7 years ago
A company has $60,000 in cash, $75,000 in short-term investments, $140,000 in net current receivables, and $145,000 in inventory. The total current liabilities of the firm are $395,000. The acid-test ratio of the company is:
A) 1.06.
B) 0.94.
C) 0.91.
D) 0.70.
Textbook 
Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
Authors:
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HanoiHanoi
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#1
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7 years ago
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harra Author
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7 years ago
Thanks
paulinaibarra98
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This site is awesome
TheMoffattMan
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2 hours ago
Good timing, thanks!
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