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Data from Fontecchio Corporation's most recent balance sheet appear below: Cash $ 18,000 Marketable securities $ 24,000 Accounts receivable $ 39,000 Short-term notes receivable $
Data from Fontecchio Corporation's most recent balance sheet appear below:
| Cash | $ | 18,000 | |
| Marketable securities | $ | 24,000 | |
| Accounts receivable | $ | 39,000 | |
| Short-term notes receivable | $ | 0 | |
| Inventory | $ | 60,000 | |
| Prepaid expenses | $ | 14,000 | |
| Current liabilities | $ | 120,000 | |
The corporation's acid-test ratio is closest to:
Multiple Choice
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0.35
-
0.15
-
0.68
-
0.79
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Cost Accounting Principles And Applications
Authors: Horace R. Brock
5th Edition
0070081522, 978-0070081529
