Question: QS 17-9 (Algo) Computing current ratio and acid-test ratio LO P3 Pritchett Company reported the following year-end data: Cash Short-term investments Accounts receivable (current)

QS 17-9 (Algo) Computing current ratio and acid-test ratio LO P3 Pritchett Company reported the following year-end data: Cash Short-term investments Accounts receivable (current)

QS 17-9 (Algo) Computing current ratio and acid-test ratio LO P3 Pritchett Company reported the following year-end data: Cash Short-term investments Accounts receivable (current) Inventory Prepaid (current) assets Total current liabilities $ 20,100 8,500 13,400 24,000 6,800 28,000 Compute the (a) current ratio and (b) acid-test ratio. Complete this question by entering your answers in the tabs below. Current Ratio Acid Test Ratio Compute the current ratio. Numerator: 1 Current Ratio Denominator: Current Ratio Current ratio to 1 QS 17-9 (Algo) Computing current ratio and acid-test ratio LO P3 Pritchett Company reported the following year end data: Cash Short-term investments Accounts receivable (current) Inventory Prepaid (current) assets Total current liabilities. $ 20,100 8,500 13,400 24,000 6,800 28,000 Compute the (a) current ratio and (b) acid-test ratio. Complete this question by entering your answers in the tabs below. Current Ratio Acid Test Ratio Compute the acid-test ratio. Numerator: . Acid-Test Ratio Denominator: Acid-Test Ratio Acid-test ratio to 1

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