Question 73
Multiple Choice
Presented below is information available for Radon Corp.: Current Assets
Cash................................................................................ Marketable securities.....................................................Accounts receivable................................................... Inventories ..........................................................Prepaid expenses............................................................Total current assets............................................................. $8,000 150,000 122,000 220,000 $ 60,000 $ 560,000
Total current liabilities are $ 100,000. To two decimals, Radon's acid-test ratio is
A) 5.60.
B) 5.30.
C) 2.80.
D) .36.
Correct Answer:

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