Question
A firm's balance sheet shows cash of $30,000, accounts receivable of $30,000, inventory of $40,000, equipment of $1800, land of $2600, accounts payable of $30,000,
A firm's balance sheet shows cash of $30,000, accounts receivable of $30,000, inventory of $40,000, equipment of $1800, land of $2600, accounts payable of $30,000, and bonds due in five years of $12000. What is the firm's quick or acid-test ratio?
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
13th Edition
1337395080, 9781337395083
