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Erastic Corporation has $22,000 in cash, $12,000 in marketable securities, $46,000 in account receivable, $56,000 in inventories, and $50,000 in current liabilities. The corporation's current
Erastic Corporation has $22,000 in cash, $12,000 in marketable securities, $46,000 in account receivable, $56,000 in inventories, and $50,000 in current liabilities. The corporation's current assets consist of cash, marketable securities, accounts receivable, and inventory. The corporation's acid-test ratio is closest to: |
1.60
0.92
2.72
1.36
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