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Using the following year-end information for Coachmen, LLC, calculate the acid-test ratio: Cash $ 54,960 Short-term investments 11,200 Accounts receivable 45,500 Inventory 234,000 Prepaid expenses

Using the following year-end information for Coachmen, LLC, calculate the acid-test ratio: Cash $ 54,960 Short-term investments 11,200 Accounts receivable 45,500 Inventory 234,000 Prepaid expenses 26,840 Accounts payable 94,900 Salaries payable 25,600

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