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Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Compute the acid - test ratio for
Answer is complete but not entirely correct.
Complete this question by entering your answers in the tabs below.
Compute the acidtest ratio for each of the three years.At December Current Year Year Ago Years Ago
Assets
Cash $ $ $
Accounts receivable, net
Merchandise inventory
Prepaid expenses
Plant assets, net
Total assets $ $ $
Liabilities and Equity
Accounts payable $ $ $
Longterm notes payable
Common stock, $ par value
Retained earnings
Total liabilities and equity $ $ $
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