The credit terms 4/15, n/30 are interpreted as Multiple Choice 4% discount if paid within 30 days. 30% discount if paid within 15 days. O 15% cash discount if the amount is paid within 4 days, with balance due in 30 days 4% cash discount if the amount is paid within 15 days, with the balance due in 30 days. O 30% discount if paid within 4 days. A company has the following accounts. What is the acid test ratio? Cash Accounts receivable Office supplies Land Office equipment Accounts payable Common stock Wages payable Consulting fees earned Rent expense Salaries expense Telephone expense Miscellaneous expense $11,900 22,400 3,575 36,053 16,435 16,452 56,390 3,900 15,618 5,573 8,542 750 470 Multiple Choice 5.07% re 9 of 10 Next>