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Pritchett Company reported the following year-end data: Cash $ 25,000 8,000 Short-term investments Accounts receivable (current) Inventory 19,500 27,500...

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Pritchett Company reported the following year-end data: Cash $ 25,000 8,000 Short-term investments Accounts receivable (current) Inventory 19,500 27,500 Prepaid (current) assets 11,000 Total current liabilities 35,000 Compute the (a) current ratio and (b) acid-test ratio.

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To compute the current ratio and acid test ratio we need to use the f View the full answer


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Cornerstones of Financial Accounting

Cornerstones of Financial Accounting

ISBN: 978-1337690898

4th edition

Authors: Jay Rich, Jeff Jones

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Posted Date: April 29, 2023 11:54:50
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