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CPZ Enterprises had the following account information. Accounts receivable $200,000 Accounts payable 80,000 Bonds payable, due in ten years 10,000 Casb 100,000 Interest payable, due
CPZ Enterprises had the following account information. Accounts receivable $200,000 Accounts payable 80,000 Bonds payable, due in ten years 10,000 Casb 100,000 Interest payable, due in three months 10,000 Inventory 400,000 Land 250,000 Notes payable, due in six months 50,000 Prepaid expenses 40,000 The company has an operating cycle of five months. What is the company's acid test (quick) ratio
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