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URGENT HELP!! THANKS The following financial information applies to Sayonara Company. Cash P 10,000 Marketable securities 18,000 Accounts receivable 120,000 Inventories 375,000 Prepaid expenses 12,000
URGENT HELP!! THANKS
The following financial information applies to Sayonara Company. Cash P 10,000 Marketable securities 18,000 Accounts receivable 120,000 Inventories 375,000 Prepaid expenses 12,000 Accounts payable 75,000 Long-term debt - current portion 20,000 Long-term debt 400,000 Sales 1,650,000 What is the acid-test (or quick) ratio for Sayonara? O 1.97 O 5.63 O 1.56 02.13Step by Step Solution
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Accounting, Chapters 1-13
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
25th Edition
1285069625, 9781285069623
