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Using the following year-end information for WorkFit calculate the acid-test ratio: Cash Short-term investments Accounts receivable Inventory Supplies Accounts payable Wages payable $ 58,110 14,000

Using the following year-end information for WorkFit calculate the acid-test ratio: Cash Short-term investments Accounts receivable Inventory Supplies Accounts payable Wages payable $ 58,110 14,000 58,000 270,000 5,600 108,000 31,900 Multiple Choice 0.77 0.42

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