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Use the following to calculate the acidminustest ratio. (Round your answer to two decimal places.) Cash $ 130 comma 000$130,000 Shortminusterm investments 16 comma 00016,000
Use the following to calculate the acidminustest ratio. (Round your answer to two decimal places.) Cash $ 130 comma 000$130,000 Shortminusterm investments 16 comma 00016,000 Net current receivables 250 comma 000250,000 Inventory 330 comma 000330,000 Total current liabilities 750 comma 000750,000
please gives me a break down of the answer for better understanding. thank you
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