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Presented below is information available for Wildhorse Company. Current Assets Cash $3900 Short-term investments 51000 Accounts receivable 60000 Inventory 100000 Prepaid expenses 33000 Total
Presented below is information available for Wildhorse Company. Current Assets Cash $3900 Short-term investments 51000 Accounts receivable 60000 Inventory 100000 Prepaid expenses 33000 Total current assets $247900 Total current liabilities are $102000. The acid-test ratio for Wildhorse is:
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Accounting for Governmental and Nonprofit Entities
Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus
15th Edition
978-0256168723, 77388720, 256168725, 9780077388720, 978-007337960
