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Computing and interpreting acid-test ratio LO A1 The following information on current assets and current liabilities is for Belkin Company. Cash $ 1,490 Prepaid expenses

Computing and interpreting acid-test ratio LO A1 The following information on current assets and current liabilities is for Belkin Company. Cash $ 1,490 Prepaid expenses $ 700 Accounts receivable 2,800 Accounts payable 5,750 Inventory 6,000 Other current liabilities 850

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