a. Using the information in QS 18-7, calculate the acid-test ratio. b. At the end of the

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a. Using the information in QS 18-7, calculate the acid-test ratio.
b. At the end of the last accounting period, this company’s acid-test ratio was 0.82:1. Has the change in the acid-test ratio been favourable or unfavorable?

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Fundamental Accounting Principles Volume II

ISBN: 978-1259066511

14th Canadian Edition

Authors: Larson Kermit, Jensen Tilly

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Question Posted: Jan 08, 2015 09:49 AM

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a. Using the information in QS 18-7, calculate the acid-test ratio. b. At the end of the

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Fundamental Accounting Principles Volume II

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