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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 $ 47,160 10,200 43,000 246,000 13,640 91,400 24,100

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