Question: calculate the acid test ratio. DO NOT enter your answer as a percentage. (do not move the decimal to places to the right.) enter it

calculate the acid test ratio. DO NOT enter your answer as a percentage. (do not move the decimal to places to the right.) enter it as a proportion rounded to the nearest, hundredth.

it as a proportion rounded to the nearest, hundredth. LOGIC COMPANY Comparative

LOGIC COMPANY Comparative Income Statement For Years Ended Decemben 31, 2022 and 2023 Gross sales Sales returns and allowances Net sales Cost of merchandise (goods) sold Gross profit Operating expenses: Depreciation selling and administrative Research Miscellaneous Total operating expenses Income before interest and taxes Interest expense Income before taxes Provision for taxes Net income LOGIC COMPANY comparatiye Bolance sheet December 31,2022 and 2023 Assets Current ossets: cosh Accounts receivabie Herchandise inventory 20232022 prepoid expenses Calculate the acid test ratio Note: Do NOT enter your answer os a percentage (i.e., do not move the decimal two places to the right). Enter it as a proportion Calculate the acid test ratio Note: Do NOT enter your onswer os o percentoge (l.e. do not move the decimal two places to the fight). Enter it os o propoldion rounded to the nearest hundredth

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