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S 13-6 Computing current ratio and acid-test ratio LO P3 Pritchett Co. reported the following year-end data: Cash $ 26,100 Short-term investments $ 9,100 Accounts
S 13-6 Computing current ratio and acid-test ratio LO P3
Pritchett Co. reported the following year-end data:
| Cash | $ | 26,100 | |
| Short-term investments | $ | 9,100 | |
| Accounts receivable (current) | $ | 19,400 | |
| Inventory | $ | 27,900 | |
| Other current assets | $ | 15,000 | |
| Total current liabilities | $ | 39,000 | |
Compute the (a) current ratio and (b) acid-test ratio.
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Accounting For Decision Making And Control
Authors: Jerold Zimmerman
10th International Edition
1260565475, 9781260565478
