Question
Batteries Emporium has cash on hand of $45,000, along with $15,000 in marketable securities and $30,000 in receivables. Its current liabilities are $90,000. Calculate its
Batteries Emporium has cash on hand of $45,000, along with $15,000 in marketable securities and $30,000 in receivables. Its current liabilities are $90,000. Calculate its acid-test ratio.
Multiple Choice
-
1.00
-
.33
-
.17
-
.50
-
1.50
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Inventory Best Practices
Authors: Steven M. Bragg
2nd Edition
1118000749, 9781118000748
