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Cash Accounts receivable Inventory $1,270 3,540 5,100 Prepaid expenses Accounts payable Other current liabilities $ 500 5,800 700 Use the above information on current assets

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Cash Accounts receivable Inventory $1,270 3,540 5,100 Prepaid expenses Accounts payable Other current liabilities $ 500 5,800 700 Use the above information on current assets and current liabilities to compute the acid-test ratio Choose Numerator: Quick assets Acid-Test Ratio Choose Denominator: Current liabilities / Acid-Test Ratio Acid-test ratio 0 to 1 11

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