Question
Sheridan Industries has the following current assets and liabilities on the companys balance sheet: Cash $18000; Accounts Receivable $8000; Inventory $55000; Prepaid Rent $2500; Accounts
Sheridan Industries has the following current assets and liabilities on the companys balance sheet: Cash $18000; Accounts Receivable $8000; Inventory $55000; Prepaid Rent $2500; Accounts Payable $20500; Long-Term Notes Payable $19000; and Unearned Revenue $4500. The companys acid-test ratio would be
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Auditing Fundamentals
Authors: Marlene Davies, John Aston
1st Edition
0273711733, 978-0273711735
