Question: Compute the acid test ratio using following data? cash =$115,000 inventory= $105,000 account receivable=55,000 current ratio=2.00 A.1.86 B.1.15 C.1.33 D1.24 Please help! thank you!!
Compute the acid test ratio using following data?
cash =$115,000
inventory= $105,000
account receivable=55,000
current ratio=2.00
A.1.86
B.1.15
C.1.33
D1.24
Please help! thank you!!
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
