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In 2018 a company reported the following (in millions of dollars): Net Sales - $14.82 Cost of Goods Sold: $3.93 Income Taxes: $1.42 As of
In 2018 a company reported the following (in millions of dollars): Net Sales - $14.82 Cost of Goods Sold: $3.93 Income Taxes: $1.42 As of December 31, 2018 the company had $0.99 in cash and securities, $1.38 in accounts receivable, and $1.86 in inventory. It owed $1.37 in current liabilities and $2.08 in long-term debt. Calculate the acid test ratio. Enter the answer as a percentage, without the % symbol. Maintain 2 places after the decimal point. For example, 0.1234 must be entered as 12.34
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