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Home Q & A Board Other Fields Homework Help Business Accounting
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Tomm Tomm
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6 years ago
A company has $50,000 in cash, $85,000 in short-term investments, $120,000 in net current receivables, and $145,000 in inventory. The total current liabilities of the firm are $275,000. The acid-test ratio of the company is:
A) 0.64
B) 0.93
C) 1.45
D) 1.76
Textbook 
Financial Accounting, Canadian Edition

Financial Accounting, Canadian Edition


Edition: 5th
Authors:
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ACC 925
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TheSinTheSin
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6 years ago
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