Question
Cash 70,,000 Marketable Securities 100,000 Accounts Receivable 82,000 Inventory 156,000 Prepaid Insurance 15,000 Rent Expense 20,000 Property, Plant &Equipment 860,000 Accounts Payable 125,000 Taxes Payable
Cash
70,,000
Marketable Securities
100,000
Accounts Receivable
82,000
Inventory
156,000
Prepaid Insurance
15,000
Rent Expense
20,000
Property, Plant &Equipment
860,000
Accounts Payable
125,000
Taxes Payable
40,000
Bonds Payable in 10years
700,000
Equity
418,000
Consulting Revenue
45,000
What is the acid test ratio?
a.1.50
b.1.53
c.2.56
d.7.87
not my work need homework help
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Introductory Financial Accounting for Business
Authors: Thomas Edmonds, Christopher Edmonds
1st edition
1260299449, 978-1260299441
