Accelerated Growth Inc. has the following account balances at year-end. What is the cash ratio? a. 1.29
Question:
Accelerated Growth Inc. has the following account balances at year-end.
What is the cash ratio?
a. 1.29
b. 1.43
c. 1.71
d. .088
Transcribed Image Text:
Property, Plant, and Equipment Accounts Payable Intangible Assets Cash Marketable Securities (maturing in 6 months or less) Retained Earnings Interest Payable Notes Payable (due in 24 months) Accounts Receivable Notes Payable (due in 6 months) Common Stock Dividends Payable Inventory $500,000 6,000 5,000 10,000 30,000 25,000 2,000 10,000 20,000 20,000 45,000 3,000 $ 50,000
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