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Jones Corporation 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
Jones Corporation 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: Multiple Choice 0.82 1 0.58 1 1.4 1. 0.60 1. 1:1. R
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