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The following is a partial balance sheet for ABC company. Cash $100,000 Accounts Receivable $20,000 ST Investments $5,000 Prepaid Insurance $20,000 Equipment $600,000 Accounts Payable

The following is a partial balance sheet for ABC company. Cash $100,000 Accounts Receivable $20,000 ST Investments $5,000 Prepaid Insurance $20,000 Equipment $600,000 Accounts Payable $50,000 Bonds Payable $400,000 Compute the acid test ratio Question 6 options: 2.5 14.9 2.4 2.9

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