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Pritchett Co. reported the following year-end data: Cash Short-term investments Accounts receivable (current) Inventory Other current assets Total current liabilities $15,200 $ 4,100 $ 7,100
Pritchett Co. reported the following year-end data: Cash Short-term investments Accounts receivable (current) Inventory Other current assets Total current liabilities $15,200 $ 4,100 $ 7,100 $22,400 $ 6,200 $22,000 Compute the (a) current ratio and (b) acid-test ratio. Complete this question by entering your answers in the tabs below. Current Ratio Acid Test Ratio Compute the current ratio. Current Ratio Choose Numerator: | Choose Denominator: Current Ratio / Current ratio / to 1 Current Ratio Acid Test Ratio Current Ratio Acid Test Ratio Compute the acid-test ratio. Acid-Test Ratio Choose Numerator: 1 Choose Denominator: Acid-Test Ratio + + / Acid-test ratio + + / II to 1
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