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30. Given the following: Cash P100,000 Accounts Receivable P100,000 Inventory P100,000 Equipment P200,000 Accounts Payable P200,000 How much is the Acid Test (Quick Ratio)? a.

30. Given the following:

Cash P100,000

Accounts Receivable P100,000

Inventory P100,000

Equipment P200,000

Accounts Payable P200,000

How much is the Acid Test (Quick Ratio)?

a. 2.0

b. 2.5

c..5

d. 1.0

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