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What would be the best option This is all the information given This Question: 2 pls 9 of 15 (4 complete) This Quiz: 106 pis
What would be the best option
This is all the information given
This Question: 2 pls 9 of 15 (4 complete) This Quiz: 106 pis pos At year-end, Simple Company has cash of $10,000, current accounts receivable of $10,000, merchandise inventory of $44,000, and prepaid expenses totaling $5,800. Liabilities of $50,000 must be paid next year. What is Simple acid-test ratio? (Round your answer to two decimal places.) O A. 0.40 O B. 0.20 D C. 1.28 D. Cannot be determined from the data givenStep by Step Solution
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