Pritchett Co. reported the following year-end data: Cash $ 27,000 Short-term investments $ 9,200 Accounts receivable (current) $ 23,800 Inventory $ 20,000 Other current assets
Pritchett Co. reported the following year-end data: Cash $ 27,000 Short-term investments $ 9,200 Accounts receivable (current) $ 23,800 Inventory $ 20,000 Other current assets $ 16,000 Total current liabilities $ 40,000 Compute the (a) current ratio and (b) acid-test ratio.
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Authors: Antonio P. Peralta C.
1st Edition
9945803697, 978-9945803693
