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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; $79,000 of Inventory. The acid test (quick) ratio is: 1:4:1 0.82:1 0.58:1 1:1 0.60:1 *Please don't try to give the regular acid-test ratio. That is INCORRECT This is different.
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