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9. A company has $60,000 in cash, $75,000 in short-term investments, $140,000 in net current receivables, and $145,000 in inventory. The total current liabilities
9. A company has $60,000 in cash, $75,000 in short-term investments, $140,000 in net current receivables, and $145,000 in inventory. The total current liabilities of the firm are $395,000. The acid-test ratio of the company is 1.06. 0.94. 0.91. 0.70.
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Financial Accounting and Reporting
Authors: Barry Elliott, Jamie Elliott
14th Edition
978-0273744535, 273744445, 273744534, 978-0273744443
