Question
The financial statements of Island Furniture Company include the following items: What is the 2019 acid-test ratio? (Round your answer to two decimal places.) A.
The financial statements of Island Furniture Company include the following items:
What is the 2019 acid-test ratio? (Round your answer to two decimal places.)
A. 0.24
B. 1.12
C. 1.74
D. 0.57
2019
Cash 45,500
Short Term INvestments- 26,000
Net accts Receivable- 102,000
Merch Inventory- 166,000
Total Assets 527,000
Total liabilities 302,000
Long term notes payable 64,000
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Hospitals What They Are And How They Work
Authors: Don Griffin, Donald J Griffin
3rd Edition
076372758X, 9780763727581
