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The financial statements for Silver Service Company include the following items: 2025 2024 Cash $47,500 $45,000 Short-term Investments 30,000 10,500 Net Accounts Receivable 54,000
The financial statements for Silver Service Company include the following items: 2025 2024 Cash $47,500 $45,000 Short-term Investments 30,000 10,500 Net Accounts Receivable 54,000 48,000 Merchandise Inventory 128,000 44,000 Total Assets 526,000 549,000 Accounts Payable 130,500 125,000 Salaries Payable 17,000 19,000 Long-term Note Payable 59,000 51,000 Compute the acid-test ratio for 2024. (Round your answer to two decimal places) OA. 0.89 B. 0.83 C. 0.65 D. 0.72
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