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The acid-test ratio is most similar to the: Multiple Choice Current ratio. Debt to equity ratio. O Times interest earned ratio. Inventory turnover ratio. Excerpts
The acid-test ratio is most similar to the: Multiple Choice Current ratio. Debt to equity ratio. O Times interest earned ratio. Inventory turnover ratio. Excerpts from Stealth Company's December 31, 2021 and 2020, financial statements are presented below: Accounts receivable Inventory Net sales Cost of goods sold Total assets Total stockholders' equity Net income 2021 2020 $ 40,000 $ 36,000 28,000 35,000 190,000 186,000 114,000 108,000 425,000 405,000 240,000 225,000 32,500 28,000 Stealth Company's 2021 average days in inventory is: (Round your intermediate calculations to 2 decimal places and final answer to 1 decimal place.) Multiple Choice 60.5 days. 92.2 days. 100.8 days O 89.7 days a What is the correct order to present the following items in the income statement? Multiple Choice Other revenues and expenses, income tax expense, discontinued operations, net income. Other revenues and expenses, income tax expense, net income, discontinued operations. Discontinued operations, net income, other revenues and expenses, income tax expense. Discontinued operations, net income, income tax expense, other revenues and expenses
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