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The following data was taken from ProBuilder, Inc's year-end balance sheet. Use this information to calculate ProBuilder's acid-test ratio: Cash Short-term investments Accounts receivable (all
The following data was taken from ProBuilder, Inc's year-end balance sheet. Use this information to calculate ProBuilder's acid-test ratio: Cash Short-term investments Accounts receivable (all current) Inventory Supplies Accounts payable Wages payable $ 60,230 16,000 62,000 310,000 7,770 110,000 33,600 Multiple Choice) 0.96 0.55 0.87 0.66
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