Cash is ($ 10,000), net accounts receivable amount to ($ 22,000), inventory is ($ 55,000), prepaid expenses

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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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Financial Accounting

ISBN: 9780133118209

2nd Edition

Authors: Charles T. Horngren, Jr. Harrison, Walter T.

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Question Posted: Jun 10, 2024 01:24 AM

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Cash is ($ 10,000), net accounts receivable amount to ($ 22,000), inventory is ($ 55,000), prepaid expenses

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Financial Accounting

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