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Using the following year-end information for WorkFit calculate the acid-test ratio: Cash Short-term investments $ 58,660 14,500 Accounts receivable Inventory 59,000 280,000 Supplies 9,640
Using the following year-end information for WorkFit calculate the acid-test ratio: Cash Short-term investments $ 58,660 14,500 Accounts receivable Inventory 59,000 280,000 Supplies 9,640 Accounts payable 108,500 Wages payable 32,100 Multiple Choice 0.52 0.54 0.42 0.94
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Essentials of Accounting for Governmental and Not-for-Profit Organizations
Authors: Paul Copley
12th edition
0078025818, 978-0078025815
