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A company uses a periodic inventory system. On April 1, the company had 9 items of beginning inventory with a cost of 513 per unit.

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A company uses a periodic inventory system. On April 1, the company had 9 items of beginning inventory with a cost of 513 per unit. On April 18, the company purchased 15 units at $14 per unit. Then, on April 29, the company sold 14 units. Using weighted average, the cost of the 14 units sold is closest to a. Compute the acid-test ratio for each of the separate cases above. b. Which company is in the best position to meet short-term obligations? Complete this question by entering your answers in the tabs below. Compute the acid-test ratio for each of the separate cases above

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