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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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