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Pharoah Wholesale Company has $2,600 in cash, $7,584 in accounts receivable, $12,600 in inventory, and $3,600 in prepaid expenses. Liabilities totaled $20,600, with $6,700 current
Pharoah Wholesale Company has $2,600 in cash, $7,584 in accounts receivable, $12,600 in inventory, and $3,600 in prepaid expenses. Liabilities totaled $20,600, with $6,700 current and $13,900 long-term. What is Pharoahs acid-test ratio? (Round answer to 2 decimal places, e.g. 52.75.)
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