Question
Using the following year-end information for Work-Fit calculate the acid-test ratio: Cash Short-term investments Accounts receivable (all current) Inventory Supplies Accounts payable Wages payable
Using the following year-end information for Work-Fit calculate the acid-test ratio: Cash Short-term investments Accounts receivable (all current) Inventory Supplies Accounts payable Wages payable $ 57,130 13,000 56,000 250,000 5,020 107,000 31,600
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Financial Accounting in an Economic Context
Authors: Jamie Pratt
10th edition
978-1-119-3061, 1119306167, 978-1119444367
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