Question
Jones Corp. reported current assets of $186,000 and current liabilities of $130,500 on its most recent balance sheet. The current assets consisted of $63,400 Cash;
Jones Corp. reported current assets of $186,000 and current liabilities of $130,500 on its most recent balance sheet. The current assets consisted of $63,400 Cash; $45,100 Accounts Receivable; and $77,500 of Inventory. The acid-test (quick) ratio is:
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Audit Renaissance
Authors: Vakils
1st Edition
8184621639, 978-8184621631
