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Year - end balance sheets follow. Complete this question by entering your answers in the tabs below. Compute the acid - test ratio for each
Yearend balance sheets follow.
Complete this question by entering your answers in the tabs below.
Compute the acidtest ratio for each of the three years.
b Did the acidtest ratio improve or worsen over the threeyear period?
a Compute the current ratio for each of the three years.
Current Ratio
Choose Numerator: Choose Denominator:
Current ratio
Current Year to
Year Ago to
Years Ago to
b Did the current ratio improve or worsen over the threeyear period?
Current ratio
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