Question: Compute the acid-test ratio for Malone Company based on the following data: Cash 50,000 Accounts receivable 25,000 Inventory 35,000 Equipment 84,000 Accounts payable 100,000 Long-term

Compute the acid-test ratio for Malone Company based on the following

Compute the acid-test ratio for Malone Company based on the following data: Cash 50,000 Accounts receivable 25,000 Inventory 35,000 Equipment 84,000 Accounts payable 100,000 Long-term notes payable 250,000

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