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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 Cash;
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 Choice1.4 : 1.0.82 : 1.0.58 : 1.1 : 1.0.60 : 1.
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