Calculate acid test (round to the nearest hundredth) Current assets $16,000, Accounts receivable $6,000 Current liabilities $22,000
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Calculate acid test (round to the nearest hundredth)
Current assets $16,000,
Accounts receivable $6,000
Current liabilities $22,000
Inventory $4,500,
Net sales $50,000,
total assets $40,000,
Net income $12,500
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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