Question
ABC has the following current assets: cash, $102 million; receivables, $94 million; inventory, $182 million; other current assets, $18 million. ABC also has the following
ABC has the following current assets:
cash, $102 million;
receivables, $94 million;
inventory, $182 million;
other current assets, $18 million.
ABC also has the following liabilities:
accounts payable, $98 million;
long-term debt, $23 million.
Based on these amounts, what is the acid-test ratio ?
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Forensic Accounting And Fraud Investigation For Non-Experts
Authors: Stephen Pedneault, Frank Rudewicz, Howard Silverstone, Michael Sheetz
3rd Edition
0470879599, 9780470879597
