Question: a. Using the information in QS 18-7, calculate the acid-test ratio. b. At the end of the last accounting period, this companys acid-test ratio was

a. Using the information in QS 18-7, calculate the acid-test ratio.
b. At the end of the last accounting period, this company’s acid-test ratio was 0.82:1. Has the change in the acid-test ratio been favourable or unfavorable?

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