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West Corporation reported the following financial statements: comparative balance sheet Assets 2025 2024 Current Asset: Cash and cash equiv. 2043 1636 Accts. Receive. 2165 1956
West Corporation reported the following financial statements:
comparative balance sheet
Assets | 2025 | 2024 |
Current Asset: | ||
Cash and cash equiv. | 2043 | 1636 |
Accts. Receive. | 2165 | 1956 |
Merchandise inven. | 1328 | 1088 |
Prepaid expenses | 1536 | 1834 |
Total current asset | 7072 | 6514 |
Other asset | 18941 | 15253 |
Total asset | 26013 | 21767 |
Liabilities: | ||
Current | 7465 | 8715 |
Long term | 4842 | 3000 |
Total liabilities | 12306 | 11715 |
Stockholders Equity | ||
Common stock | 6906 | 4152 |
Retained earnings | 6800 | 5900 |
Total stockholders | 13706 | 10052 |
Total liabilities and stock holds | 26013 | 21767 |
Income statement:
Net sales rev | 28854 |
Cost of goods sold | 8456 |
Gross profit | 20398 |
Operating expense | 6889 |
Operating income | 13509 |
Interest expense | 237 |
Income before tax | 13272 |
Income tax expense | 2584 |
Net income | 10688 |
Which statement best describes Wests acid-test ratio for 2025?
answers: a)less than 1. b)greater than 1. C)equal to 1. D)none of the above
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