Question
Eral Company has $17,000 in cash, $3,000 in marketable securities, $36,000 in current receivables, $24,000 in inventories, and $45,000 in current liabilities. The company's acid-test
Eral Company has $17,000 in cash, $3,000 in marketable securities, $36,000 in current receivables, $24,000 in inventories, and $45,000 in current liabilities. The company's acid-test (quick) ratio is closest to:
| a | 0.44 to 1. |
| b | 0.80 to 1 |
| c | 1.24 to 1 |
| d | 1.78 to 1 |
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Accounting For Construction Frameworks Productivity Cost And Performance
Authors: Rick Best, Jim Meikle
1st Edition
1138293970, 978-1138293977
