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Cash Accounts receivable Inventory $ $1,320 3,011 6,300 Prepaid expenses Accounts payable Other current liabilities 700 5,300 800 Use the above information on current assets

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Cash Accounts receivable Inventory $ $1,320 3,011 6,300 Prepaid expenses Accounts payable Other current liabilities 700 5,300 800 Use the above information on current assets and current liabilities to compute the acid-test ratio. Choose Numerator: Acid-Test Ratio Choose Denominator: Acid-Test Ratio Acid-test ratio / = 11 to 1

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