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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 $ 25,200 7,900 15,000 21,600

image text in transcribedimage text in transcribed Pritchett Company reported the following year-end data: Cash Short-term investments Accounts receivable (current) Inventory Prepaid (current) assets Total current liabilities $ 25,200 7,900 15,000 21,600 8,000 37,000. 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: ' 1 Current Ratio Denominator: Current Ratio Current ratio to 1 Current Ratio Acid Test Ratio > Pritchett Company reported the following year-end data: Cash Short-term investments Accounts receivable (current) Inventory Prepaid (current) assets Total current liabilities $ 25,200 7,900 15,000 21,600 8,000 37,000 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: Denominator

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