Question
The Cowboy Shop has current liabilities of $151,200; cash in the amount $13,900; securities valued at $95,250; and accounts receivable of $157,300. Calculate the acid
The Cowboy Shop has current liabilities of $151,200; cash in the amount $13,900; securities valued at $95,250; and accounts receivable of $157,300. Calculate the acid test ratio. (Round to the nearest hundredth.)
Group of answer choices
1.76:1
1.53:1
.57:1
.93:1
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Financial Accounting
Authors: Bev Vickerstaff, Parminder Johal
1st Edition
1444170414, 978-1444170412
