Question: answer a,b,c,d subquestions, show steps , the final answer is written down 2. The following financial information is known about Rapid Delivery Inc.: Acid-test ratio
2. The following financial information is known about Rapid Delivery Inc.: Acid-test ratio 1.3867 Cash on hand Accounts receivable Inventories 72,000 136,000 143,000 Fixed assets 231,000 Total liabilities 400,000 Determine the (a) current assets, (b) current liabilities, (c) total assets, and (d) owner's equity. Question 2 a) $351,000 b) $149,996 c) $582,000 d) $182,000
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