Question
Pritchett Company reported the following year-end data: $ 20,200 8,600 11,800 28,600 12,000 29,000 Cash Short-term investments Accounts receivable (current) Inventory Prepaid (current) assets
Pritchett Company reported the following year-end data: $ 20,200 8,600 11,800 28,600 12,000 29,000 Cash Short-term investments Accounts receivable (current) Inventory Prepaid (current) assets Total current liabilities Compute the (a) current ratio and (b) acid-test ratio.
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Financial Accounting in an Economic Context
Authors: Jamie Pratt
10th edition
978-1-119-3061, 1119306167, 978-1119444367
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