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Erastic Corporation has $30,000 in cash, $16,000 in marketable securities, $58,000 in account receivable, $72,000 in inventories, and $58,000 in current liabilities. The corporations current
Erastic Corporation has $30,000 in cash, $16,000 in marketable securities, $58,000 in account receivable, $72,000 in inventories, and $58,000 in current liabilities. The corporations current assets consist of cash, marketable securities, accounts receivable, and inventory. The corporations acid-test ratio is closest to:
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1.00
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1.52
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1.79
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3.03
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