Question: Current ratio and acid test ratio?? Financial accounting Question: TechWave Inc. has the following balance sheet data: ltem Amount Cash on hand $750,000 Marketable securities

Current ratio and acid test ratio?? Financial accounting

Question: TechWave Inc. has the following balance sheet data: ltem Amount Cash on hand $750,000 Marketable securities $60,000 Net accounts and notes receivable $250,000 Retailers' inventories $700,000 Prepaid expenses $80,000 Accounts and notes payable (short term) $1,000,000 Accumulated liabilities $200,000 What are the firm's current ratio and acid-test ratio closest to

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