Question
Data from Fontecchio Corporation's most recent balance sheet appear below: Cash $42,000 Marketable securities $44,000 Accounts receivable $6,160 Short term motes receivable $0 Inventory $80,000
Data from Fontecchio Corporation's most recent balance sheet appear below:
| Cash | $42,000 |
| Marketable securities | $44,000 |
| Accounts receivable | $6,160 |
| Short term motes receivable | $0 |
| Inventory | $80,000 |
| Prepaid expenses | $37,000 |
| Current liabilities | $288,000 |
The corporation's acid - test ratio is closest to:
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Fundamental accounting principle
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
21st edition
1259119831, 9781259311703, 978-1259119835, 1259311708, 978-0078025587
