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Jones Corp. reported current assets of $187,000 and current liabilities of $132,000 on its most recent balance sheet. The current assets consisted of $63,200 Cash;
Jones Corp. reported current assets of $187,000 and current liabilities of $132,000 on its most recent balance sheet. The current assets consisted of $63,200 Cash; $44,800 Accounts Receivable; and $79,000 of Inventory. The acid-test (quick) ratio is: |
1.4:1.
0.82:1.
0.58:1.
1:1.
0.60:1.
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