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Use the following to calculate the acid-test ratio. (Round your answer to two decimal places.) Cash $150,000 Short-term investments 18,000 Net current receivables 270,000
Use the following to calculate the acid-test ratio. (Round your answer to two decimal places.) Cash $150,000 Short-term investments 18,000 Net current receivables 270,000 Inventory 300,000 Total current liabilities 750,000 O 0.78 8.33 0.98 0.58
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Financial and Managerial Accounting Information for Decisions
Authors: John Wild, Ken Shaw, Barbara Chiappetta
6th edition
78025761, 978-0078025761
