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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 $25,100 7,800 17,500 26,000
Pritchett Company reported the following year-end data: Cash Short-term investments Accounts receivable (current) Inventory Prepaid (current) assets Total current liabilities $25,100 7,800 17,500 26,000 10,000 36,000 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 W Current ratio to 1 Current Retie Acid Test Ratio >
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