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42. The following financial information applies to Sayonara Company. Cash P 10,000 Marketable securities 18,000 Accounts receivable 120,000 Inventories 375,000 Prepaid expenses 12,000 Accounts payable
42.
The following financial information applies to Sayonara Company. Cash P 10,000 Marketable securities 18,000 Accounts receivable 120,000 Inventories 375,000 Prepaid expenses 12,000 Accounts payable 75,000 Long-term debt - current portion 20,000 Long-term debt 400.000 Sales 1,650,000 What is the acid-test (or quick) ratio for Sayonara? What is the acid-test (or quick) ratio for Sayonara? O 1.56 0 2.13 O 1.97 O 5.63Step by Step Solution
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Financial Statements Analysis Cases From Corporate India
Authors: Sandeep Goel
1st Edition
1138663921, 9781138663923
