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Rony Company reported the following results for the year just ended: Cash $ 30,000 Accounts receivable $ 90,000 Inventory $150,000 Acid-test (quick) ratio 0.9 to
Rony Company reported the following results for the year just ended:
| Cash | $ 30,000 |
| Accounts receivable | $ 90,000 |
| Inventory | $150,000 |
| Acid-test (quick) ratio | 0.9 to 1 |
How much are Rony Company's current liabilities?
| $120,000 |
| $ 133,333 |
| $266,667 |
| $108,000 |
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
13th Edition
978-0073379616, 73379611, 978-0697789938
