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Nickolls Corporation has provided the following financial data: Cash Accounts receivable, net Total current assets Total current 1liabilities $196,000 $297,000 $729,000 $183,000 The company's acid-test
Nickolls Corporation has provided the following financial data: Cash Accounts receivable, net Total current assets Total current 1liabilities $196,000 $297,000 $729,000 $183,000 The company's acid-test (quick) ratio is closest to: Multiple Choice 2.51 3.98 3.14 2.69 1 Erastic Corporation has $26,000 in cash, $14,000 in marketable securities, $52,000 in account receivable, $64,000 in inventories, and $54,000 in current liabilities. The corporation's current assets consist of cash, marketable securities, accounts receivable, and inventory. The corporation's acid-test ratio is closest to Multiple Choice 1.70 0.96 1.44 2.89
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