Question
Jones Corp. reported current assets of $192,000 and current liabilities of $136,500 on its most recent balance sheet. The current assets consisted of $62,200 Cash;
| Jones Corp. reported current assets of $192,000 and current liabilities of $136,500 on its most recent balance sheet. The current assets consisted of $62,200 Cash; $43,300 Accounts Receivable; and $86,500 of Inventory. The acid-test (quick) ratio is: |
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Cost Accounting Fundamentals Essential Concepts And Examples
Authors: Steven M. Bragg
3rd Edition
0980069998, 978-0980069990
