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Erastic Company has $14,000 in cash, $8,000 in marketable securities, $34,000 in account receivable, $40,000 in inventories, and $42,000 in current liablities. The company's current
Erastic Company has $14,000 in cash, $8,000 in marketable securities, $34,000 in account receivable, $40,000 in inventories, and $42,000 in current liablities. The company's current assets consist of cash, marketable securities, accounts receivable, and inventory. The company's acid-test ratio is:
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Management And Cost Accounting
Authors: Colin Drury
5th Edition
1861525362, 978-1861525369
