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Accounts receivable Cash Cost of goods sold Current assets Current liabilities Current receivables Inventory Net sales Quick assets Short-term investments a. Compute the acid-test ratio
Accounts receivable
Cash
Cost of goods sold
Current assets
Current liabilities
Current receivables
Inventory
Net sales
Quick assets
Short-term investments
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. Complete this question by entering your answers in the tabs below. Which company is in the best position to meet short-term obligations? Which company is in the best position to meet short-term obligations
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