Question
Presented below is information available for Marley Company. Current Assets Cash$8,000 Short-term investments65,000 Accounts receivable95,000 Inventory110,000 Prepaid expenses 30,000 Total current assets $308,000 Total current
Presented below is information available for Marley Company.
Current Assets
Cash$8,000
Short-term investments65,000
Accounts receivable95,000
Inventory110,000
Prepaid expenses30,000
Total current assets$308,000
Total current liabilities are $235,000. The acid-test ratio for Marley is:
What is the Current Ratio?What would you tell Marley?
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College Accounting Chapters 1-9
Authors: James Heintz
22nd Edition
1305888537, 978-1305666184
