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9. Presented below is information available for Marley Company. Current Assets Cash $ 4,000 Short-term investments 55,000 Accounts receivable 51,000 Inventory 110,000 Prepaid expenses 30,000
9. Presented below is information available for Marley Company. Current Assets Cash \$ 4,000 Short-term investments 55,000 Accounts receivable 51,000 Inventory 110,000 Prepaid expenses 30,000 Total current assets $250,000 Total current liabilities are $100,000. The acid-test ratio for Marley is: a. 2.20 to 1 b. 2.50 to 1 c. 1.30 to 1 d. 1.10 to 1
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