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Presented below is information related to Tolbert Company Current Assets: Cash Shiort-term investments Accounts receivable Inventories Prepaid expenses Total current assets $14,000 75,000 61,000 110,000
Presented below is information related to Tolbert Company Current Assets: Cash Shiort-term investments Accounts receivable Inventories Prepaid expenses Total current assets $14,000 75,000 61,000 110,000 30,000 $290,000 Total current liabilities are $100,000. What is the acid-test ratio? OA 2.6 to 1 OB. 0.9 to 1 OC. 1.5 to 1 OD.2.9 to 1
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Management and Cost Accounting
Authors: Colin Drury
8th edition
978-1408041802, 1408041804, 978-1408048566, 1408048566, 978-1408093887
