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QS 1 7 - 9 ( Static ) Computing current ratio and acid - test ratio LO P 3 Pritchett Company reported the following year

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QS 17-9(Static) Computing current ratio and acid-test ratio LO P3
Pritchett Company reported the following year-end data:
Compute the (a) current ratio and (b) acid-test ratio.
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Compute the acid-test ratio.
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