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Using the following year-end Information for Blackstone, LLC, calculate the acid-test ratio: Cash Short-term investments Accounts receivable Inventory Prepaid expenses Accounts payable Salaries payable $

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Using the following year-end Information for Blackstone, LLC, calculate the acid-test ratio: Cash Short-term investments Accounts receivable Inventory Prepaid expenses Accounts payable Salaries payable $ 38,600 9,000 40,000 240,000 17,400 87,200 22,300

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