Current Ratio and Quick (Acid-Test) Ratio Jordan Company provided the following information: 11eb71cd_0f69_850a_a6e4_015750a4fa38_SM1595_00 Required: Note : Round answers to one decimal place. 1. Compute the current ratio. 2. Compute the quick (acid-test) ratio.

Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger

Edition 6ISBN: 978-1305103962

Edition 6ISBN: 978-1305103962

Exercise 11

Current Ratio and Quick (Acid-Test) Ratio
Jordan Company provided the following information:

Required:
Note : Round answers to one decimal place.
1. Compute the current ratio.
2. Compute the quick (acid-test) ratio.

Explanation

Verified

Current ratio:
• Current ratio shows th...