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Data from Fontecchio Corporation's most recent balance sheet appear below: Cash $ 39,000 Marketable securities $ 40,000 Accounts receivable $ 119,000 Inventory $ 78,000 Prepaid
Data from Fontecchio Corporation's most recent balance sheet appear below:
Cash | $ 39,000 |
---|---|
Marketable securities | $ 40,000 |
Accounts receivable | $ 119,000 |
Inventory | $ 78,000 |
Prepaid expenses | $ 34,000 |
Current liabilities | $ 264,000 |
The corporation's acid-test ratio is closest to:
Multiple Choice
0.60
0.15
0.30
0.75
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