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Pritchett Company reported the following year-end data: Cash Short-term investments Accounts receivable (current) Inventory Prepaid (current) assets. Total current liabilities $ 15,000 5,000 8,000. 20,000
Pritchett Company reported the following year-end data: Cash Short-term investments Accounts receivable (current) Inventory Prepaid (current) assets. Total current liabilities $ 15,000 5,000 8,000. 20,000 6,000 20,000 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. Numerator: Current Ratio Denominator: Current Ratio = Current ratio to 1 Pritchett Company reported the following year-end data: Cash $15,000 Short-term investments. 5,000 Accounts receivable (current) 8,000 Inventory 20,000 Prepaid (current) assets 6,000 Total current liabilities 20,000 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 acid-test ratio. Acid-Test Ratio Numerator: T Denominator
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