Data from Fontecchio Corporation's most recent balance sheet appear below: Cash $42,000 Marketable securities $44,000 Accounts receivable
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Question:
Data from Fontecchio Corporation's most recent balance sheet appear below:
Cash | $42,000 |
Marketable securities | $44,000 |
Accounts receivable | $6,160 |
Short term motes receivable | $0 |
Inventory | $80,000 |
Prepaid expenses | $37,000 |
Current liabilities | $288,000 |
The corporation's acid - test ratio is closest to:
Related Book For
Fundamental accounting principle
ISBN: 978-0078025587
21st edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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