Question: Question S ( 1 point ) The records for Betty's Floral Shoppe showed the following : cash of $125 , 000 , current liabilities of


Question S ( 1 point ) The records for Betty's Floral Shoppe showed the following : cash of $125 , 000 , current liabilities of $50, 000 , accounts receivable of $25 , 000 , revenues of $180 , 000 , merchandise inventory of $100, 000 , operating expenses of $1 12 , 000 , and short - term investments of $50 , 000 . What is the acid - test ratio ? Question 5 options : 4. 0 : 1 2. 5: 1 6. 0 : 1 3. 0 : 1 None of the above
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
