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Brief Exercise 172 a-b Selected financial statement data for Freeman Company are presented below. Cash Short-term investments Accounts receivable Inventories Total current liabilities 12/31/20 $
Brief Exercise 172 a-b Selected financial statement data for Freeman Company are presented below. Cash Short-term investments Accounts receivable Inventories Total current liabilities 12/31/20 $ 10,000 20,000 60,000 75,000 100,000 Compute the current ratio at December 31, 2020. (Round answer to 2 decimal places, e.g. 2.15:1) Current ratio :1 Compute the acid-test ratio at December 31, 2020. (Round answer to 2 decimal places, e.g. 2.15:1) Acid-test ratio Click if you would like to Show Work for this question: Open Show Work
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