Question: Please compute the acid-test ratio? Current Assets - Inventory Current Liabilities Determine the costs of sales of a firm with the following financial data Current

Please compute the acid-test ratio?

Current Assets - Inventory

Current Liabilities

Determine the costs of sales of a firm with the following financial data

Current ratio

2.5

Quick ratio or acid-test

2

Current liabilities

$300,000

Inventory turnover

3 times

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