Question
A Runway 84 Restaurant reported the following current assets: cash $12,000.00, credit card receivables $1,800.00, accounts receivable $180.00, food inventory $4,400.00, and prepaid expenses, $1,120.00.
A Runway 84 Restaurant reported the following current assets: cash $12,000.00, credit card receivables $1,800.00, accounts receivable $180.00, food inventory $4,400.00, and prepaid expenses, $1,120.00. Total current liabilities are $7,800.00. Calculate its current and acid-test ratios RESPECTIVELY.
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Practical Audit Quality Improvement Ensuring Effective Performance Of Internal Audit Functions
Authors: Joyce Gacheru
1st Edition
6138950577, 978-6138950578
