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Question 24 Presented below is information related to Coronado Industries. Current AssetsCash $ 20000 Short-term investments 71000 Accounts receivable 59000 Inventories 103000 Prepaid expenses 30000

Question 24

Presented below is information related to Coronado Industries.

Current AssetsCash $ 20000

Short-term investments 71000

Accounts receivable 59000

Inventories 103000

Prepaid expenses 30000

Total current assets $283000

Total current liabilities are $100000. What is the acid-test ratio?

a) 1.50 to 1.

b) 0.91 to 1.

c) 2.53 to 1.

d) 2.83 to 1.

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