Cash is ($ 10,000), net accounts receivable amount to ($ 22,000), inventory is ($ 55,000), prepaid expenses
Question:
Cash is \(\$ 10,000\), net accounts receivable amount to \(\$ 22,000\), inventory is \(\$ 55,000\), prepaid expenses total \(\$ 3,000\), and current liabilities are \(\$ 40,000\). What is the acid-test ratio? (p. 803)
a. 0.25
b. 0.80
c. 2.18
d. 2.25
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Related Book For 
Financial Accounting
ISBN: 9780133118209
2nd Edition
Authors: Charles T. Horngren, Jr. Harrison, Walter T.
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