Question 15 A company has $60,000 in cash, $75,000 in short-term investments, $141,500 in net current receivables,
Fantastic news! We've Found the answer you've been seeking!
Question:
- A company has $60,000 in cash, $75,000 in short-term investments, $141,500 in net current receivables, and $145,000 in inventory.The total current liabilities of the firm are $395,000.The acid-test ratio of the company is
- A. 1.067.
- B. 0.342.
- C. 0.152.
- D. 0.700.
Expert Answer:
Posted Date:
