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The financial statements for Silver Service Company include the following items: 2025 2024 Cash $50,500 $47,000 Short-term Investments 33,000 12,500 Net Accounts Receivable 56,000 55,000
The financial statements for Silver Service Company include the following items: 2025 2024 Cash $50,500 $47,000 Short-term Investments 33,000 12,500 Net Accounts Receivable 56,000 55,000 Merchandise Inventory 127,000 44,000 Total Assets 534,000 553,000 Accounts Payable 131,500 122,000 Salaries Payable 25,000 16,000 Long-term Note Payable 55,000 55,000 Compute the acid- test ratio for 2024. (Round your answer to two decimal places) OA. 0.83 OB. 0.94 OC. 0.74 OD. 0.89
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