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Jones Corporation reported current assets of $197,000 and current liabilities of $139,000 on its most recent balance sheet. The current assets consisted of $60,800 Cash;
Jones Corporation reported current assets of $197,000 and current liabilities of $139,000 on its most recent balance sheet. The current assets consisted of $60,800 Cash; $41,800 Accounts Receivable; and $94,400 of Inventory. The acid-test (quick) ratio is: Multiple Choice O 0.68:1 O 0.74:1. O 1.4: 1. O 1:1 O 0.52:1
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
10th edition
1260481956, 1260310175, 978-1260481952
