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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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