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hey I need help answering this question! Asap! 6 Refer to the following selected financial information from Texas Electronics. Compute the company's acid-test ratio for
hey I need help answering this question! Asap!
6 Refer to the following selected financial information from Texas Electronics. Compute the company's acid-test ratio for Year 2. Year 2 Year 1 Cash $ 39, 300 34, 050 Short -term investments 108, 000 69, 000 00:33:57 Accounts receivable, net 94, 500 88 , 500 Merchandise inventory 130, 000 134, 000 Prepaid expenses 13 , 900 11, 500 Plant assets 397, 000 347, 000 Accounts payable 104, 400 116, 800 Net sales 720, 000 685, 000 Cost of goods sold 399 , 000 384 , 000 Multiple Choice O 2.45. O 2.66. O 2.32Step by Step Solution
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