Smith Company has current assets equal to $250,000. Of these, $135,000 is cash, $55,000 is accounts receivable,
Question:
Required:
Round answers to two decimal places.
1. Compute the current ratio.
2. Compute the quick (acid-test) ratio.
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Related Book For 
Cornerstones Of Managerial Accounting
ISBN: 9780538473460
4th Edition
Authors: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
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