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10... A company has the following accounts. What is the acid test ratio? Cash $11,300 Accounts receivable 21,800 Office supplies 3,275 Land 35,453 Office equipment
10...
A company has the following accounts. What is the acid test ratio?
Cash | $11,300 |
Accounts receivable | 21,800 |
Office supplies | 3,275 |
Land | 35,453 |
Office equipment | 15,835 |
Accounts payable | 17,052 |
Common stock | 55,790 |
Wages payable | 3,300 |
Consulting fees earned | 15,018 |
Rent expense | 4,973 |
Salaries expense | 7,942 |
Telephone expense | 690 |
Miscellaneous expense | 410 |
2.43% | |
1.88% | |
1.63% | |
4.89% | |
4.39% |
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